§ 50-52. Change of award by arbitrators. - North Carolina Statutes

§ 50‑52.  Change ofaward by arbitrators.

(a)        On a party'sapplication to the arbitrators or, if an application to the court is pendingunder G.S. 50‑53 through G.S. 50‑56, on submission to thearbitrators by the court under the conditions ordered by the court, thearbitrators may modify or correct the award for any of the following reasons:

(1)        Upon grounds statedin G.S. 50‑55(a)(1) and (a)(3).

(2)        If the arbitratorshave not made a final and definite award upon a claim submitted by the partiesto the arbitration proceeding.

(3)        To clarify theaward.

(b)        The applicationshall be made within 20 days after delivery of the award to the opposing party.The application must include a statement that the opposing party must serve anyobjections to the application within 10 days from notice. An award modified orcorrected under this section is subject to the provisions of G.S. 50‑51(a)through G.S. 50‑51(f) and G.S. 50‑53 through G.S. 50‑56. (1999‑185, s. 1; 2005‑187,s. 11.)