(a) On a party's application to the arbitrators or, if an application to the court is pending under G.S. 50-53 through G.S. 50-56, on submission to the arbitrators by the court under the conditions ordered by the court, the arbitrators may modify or correct the award for any of the following reasons:
(1) Upon grounds stated in G.S. 50-55(a)(1) and (a)(3).
(2) If the arbitrators have not made a final and definite award upon a claim submitted by the parties to the arbitration proceeding.
(3) To clarify the award.
(b) The application shall 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 any objections to the application within 10 days from notice. An award modified or corrected 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.)
Last modified: March 23, 2014