§1333. Review

Either party may seek a review of a binding determination by an arbitration panel or arbitrator pursuant to the Revised Uniform Arbitration Act, Title 14, Chapter 706.

Sec. B-6. 28-A MRSA §1457, sub-§2, as enacted by PL 1987, c. 45, Pt. A, §4, is amended to read:

2. Neutral arbitrator. If the certificate of approval holder and the wholesale licensee are unable to agree on the reasonable compensation to be paid for the value of the wholesale licensee's business, as defined in subsection 1, they shall submit the matter to a neutral arbitrator selected by the parties, or, if they cannot can not agree, by the Chief Justice of the Supreme Judicial Court. The costs of the arbitration shall must be paid 1/2 by the wholesale licensee and 1/2 by the certificate of approval holder or; otherwise the arbitration proceeding shall be is governed by the Maine Revised Uniform Arbitration Act.

Sec. B-7. Effective date. This Part takes effect January 1, 2004.

SUMMARY

Part A replaces the Uniform Arbitration Act with the Revised Uniform Arbitration Act, approved by the National Conference of Commissioners on Uniform State Laws in 2000.

Details of the new law are contained in the Prefatory Note and the Uniform Comments following each section.

This Act takes effect January 1, 2004.

Part B corrects cross-references.