|
| Sec. B-5. 26 MRSA §1333, as enacted by PL 1997, c. 472, §1, is | amended to read: |
|
| | 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. |
|
| | 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. |
|
|