5403-S AMS KING GORR 392

SSB 5403 - S AMD 72

By Senators King and Keiser

ADOPTED 3/06/2009

    On page 6, line 9, after "termination" strike "pursuant to subsection (2) of this section,"

    On page 6, after line 14, insert the following:

"(8) Unless the parties otherwise agree, or the arbitrator for good cause shown orders otherwise, an arbitration conducted pursuant to subsection (7) of this section shall proceed as follows: 

    (a) Notice of intent to arbitrate must be served within forty days after the terminated distributor receives notice of the terminated distribution rights;

    (b) The arbitration must be conducted within ninety days after service of the notice of intent to arbitrate; and

    (c) The arbitrator or arbitrators must issue an order within thirty days after completion of the arbitration."

    Renumber the sections consecutively and correct any internal references accordingly.

EFFECT:  Deletes an unnecessary reference and specifies timelines for the arbitration process. 

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