§ 1-567.63. Correction and interpretation of awards; additional awards. - North Carolina Statutes

§1‑567.63.  Correction and interpretation of awards; additional awards.

(a)        Within 30 days ofreceipt of the award, unless another period of time has been agreed upon by theparties:

(1)        A party may requestthe arbitral tribunal to correct in the award any computation, clerical ortypographical errors or other errors of a similar nature;

(2)        A party may requestthe arbitral tribunal to give an interpretation of a specific point or part ofthe award.

If the arbitral tribunalconsiders such request to be justified, it shall make the correction or givethe interpretation within 30 days of receipt of the request.  Such correctionor interpretation shall become part of the award.

(b)        The arbitraltribunal may correct any error of the type referred to in subsection (a) on itsown initiative within 30 days of the date of the award.

(c)        Unless otherwiseagreed by the parties, within 30 days of receipt of the award, a party mayrequest the arbitral tribunal to make an additional award as to claimspresented in the arbitral proceedings but omitted from the award.  If thearbitral tribunal considers the request to be justified, it shall make theadditional award within 60 days after the date of receipt of the request.

(d)        The arbitraltribunal may extend, if necessary, the period within which it shall make acorrection, interpretation, or an additional award under subsection (a) or (c).

(e)        The provisions ofG.S. 1‑567.61 shall apply to a correction or interpretation of the awardor to an additional award made under this section. (1991, c. 292.)