United States — Louisiana Act or statute

United States — Louisiana legislation

RS 9:4270

If parties settle during arbitration, the tribunal must end the case and may record the settlement as an award on agreed terms if requested and unopposed.

dispute resolutionsettlement

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“If parties settle during arbitration, the tribunal must end the case and may record the settlement as an award on agreed terms if requested and unopposed.”

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RS 9:4270

If parties settle during arbitration, the tribunal must end the case and may record the settlement as an award on agreed terms if requested and unopposed.

Section 9:4270

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Source record from legis.la.gov · Legal dates not recorded

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§ 9:4270RS 9:4270Provision

If parties settle during arbitration, the tribunal must end the case and may record the settlement as an award on agreed terms if requested and unopposed.

§4270. Settlement A. If, during arbitral proceedings, the parties settle the dispute, the arbitral tribunal shall terminate the proceedings and, if requested by the parties and not objected to by the arbitral tribunal, record the settlement in the form of an arbitral award on agreed terms. B. An award on agreed terms shall be made in accordance with R.S. 9:4271 and shall state that it is an award. An award has the same status and effect as any other award on the merits of the case. Acts 2006, No. 795, §1.
Section 9:4270Verify source

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