Texas Statutes (Last Updated: January 4, 2014) |
CIVIL PRACTICE AND REMEDIES CODE |
Title 7. ALTERNATE METHODS OF DISPUTE RESOLUTION |
Chapter 172. ARBITRATION AND CONCILIATION OF INTERNATIONAL COMMERCIAL DISPUTES |
Subchapter F. ARBITRATION AWARD |
Sec. 172.146. AWARD ON AGREED TERMS
Latest version.
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(a) The arbitration tribunal shall make an award on agreed terms as provided by Section 172.117. An award on agreed terms must state that it is an arbitration award.
(b) An award on agreed terms has the same status and effect as any other arbitration award on the substance of the dispute.
Added by Acts 1997, 75th Leg., ch. 165, Sec. 5.02, eff. Sept. 1, 1997.