GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2003
SESSION LAW 2003-61
HOUSE BILL 952
AN ACT to make a clarifying change to the laws relating to the confirmation of an arbitration award under the family law arbitration act.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 50-53 reads as rewritten:
"§ 50-53. Confirmation of award.
Upon Unless the parties agree otherwise, upon a
party's application, the court shall confirm an award, unless within time
limits imposed under G.S. 50-54 through G.S. 50-56 grounds are urged for
vacating or modifying or correcting the award, in which case the court shall
proceed as provided in G.S. 50-54 through G.S. 50-56. The court may award
costs, as provided in G.S. 50-51(f), of the application and subsequent
proceedings."
SECTION 2. This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 15th day of May, 2003.
s/ Marc Basnight
President Pro Tempore of the Senate
s/ Richard T. Morgan
Speaker of the House of Representatives
s/ Michael F. Easley
Governor
Approved 5:44 p.m. this 20th day of May, 2003