HF1692 Summary

• Adopts the Uniform Arbitration Act as Minnesota Statutes Chapter 572B, effective August 1, 2011, establishing comprehensive framework for arbitration of disputes between parties

• Creates new arbitration procedures governing arbitration agreements, arbitrator appointment and disclosure requirements, hearing procedures, subpoena powers, and award confirmation/vacation standards

• Repeals Minnesota's previous arbitration law (sections 572.08-572.30), effective August 1, 2012

• Updates references in multiple statutes to the new Uniform Arbitration Act, including provisions for motor fuel franchise agreements, teacher termination hearings, labor disputes, sales representative disputes, and motor vehicle warranty disputes

• Requires arbitration agreements be governed by the new act for all agreements entered on or after August 1, 2011, and prior agreements if all parties consent