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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 2712.58 | Record of settlement.

Ohio Revised Code
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Title 27 Courts-General Provisions-Special Remedies
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Chapter 2712 International Commercial Arbitration
 
Effective:
October 23, 1991
Latest Legislation:
House Bill 221 - 119th General Assembly
PDF:
Download Authenticated PDF
 

If, during arbitral proceedings, the parties settle the dispute, the arbitral tribunal shall terminate the proceedings and, if requested by the parties and not objected to by the tribunal, record the settlement in the form of an arbitral award on agreed terms. An arbitral award on agreed terms shall be made in accordance with the provisions of sections 2712.59 to 2712.64 of the Revised Code and shall state that it is an arbitral award. An arbitral award on agreed terms has the same status and effect as any other arbitral award on the substance of the dispute.

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