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Official Code of Georgia Annotated

Title 9. CIVIL PRACTICE · Chapter 9. ARBITRATION · Article 1. GENERAL PROVISIONS · Part 2. INTERNATIONAL COMMERCIAL ARBITRATION CODE

9-9-52. Settlement; arbitration award on agreed terms.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. (a)

    If, during arbitral proceedings, the parties settle the dispute, the arbitration tribunal shall terminate the proceedings and, if requested by the parties and not objected to by the arbitration tribunal, record the settlement in the form of an arbitration award on agreed terms.#

  2. (b)

    An arbitration award on agreed terms shall be made in accordance with the provisions of Code Section 9-9-53 and shall state that it is an arbitration award. Such an arbitration award shall have the same status and effect as any other arbitration award on the merits of the case.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 9-9-52, enacted by Ga. L. 2012, p. 961, § 1/SB 383.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t9-ch1-10-(v6)-2023-pdf.pdf, Volume V6, 2023 edition, pages 676 to 677; merge action: carried; file SHA-256 ea8a520ad52f.