§421I-9  Mediation and arbitration of
disputes.  At the request of any party, any dispute concerning or involving
one or more shareholders and a corporation, its board of directors, managing
agent, resident manager, or one or more other shareholders relating to the
interpretation, application, or enforcement of this chapter or the
corporation's articles of incorporation, bylaws, or rules adopted in accordance
with its bylaws shall be submitted first to mediation.  When all reasonable
efforts for mediation have been made and the dispute is not settled either in
conference between the parties or through mediation, the dispute shall be
submitted to arbitration in the same manner and subject to the same
requirements, to the extent practicable, which now apply to condominium
property regimes under part VII of chapter 514A or section 514B-162. [L 1993, c
282, pt of §1; am L 2004, c 164, §12; am L 2005, c 93, §7; am L 2008, c 28, §9]