Extends time to apply for stay of arbitration to 180 days and invalidates penalties for seeking legal representation.
This bill amends arbitration laws by extending the time for a party to apply for a stay of arbitration to 180 days. It also invalidates any agreement provision that penalizes a party for seeking legal representation. Additionally, it mandates that arbitrators provide notice of default to a party for failure to pay fees. The changes will take effect on January 1, 2027.
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