(a) An arbitrator shall make a record of an award. The record must be signed or otherwise authenticated by any arbitrator who concurs with the award. The arbitrator or the arbitration organization shall give notice of the award, including a copy of the award, to each party to the arbitration proceeding.
(b) An award must be made within the time specified by the agreement to arbitrate or, if not specified therein, within the time ordered by the court. The court may extend or the parties to the arbitration proceeding may agree in a record to extend the time. The court or the parties may do so within or after the time specified or ordered. A party waives any objection that an award was not timely made unless the party gives notice of the objection to the arbitrator before receiving notice of the award.
History: Laws 2001, ch. 227, § 20.
Compiler's note. — Laws 2002, ch. 227, § 33 repealed the former Uniform Arbitration Act, Sections 44-7-1 to 44-7-22 NMSA 1978, enacted by Laws 1971, ch. 168, §23. The Uniform Arbitration Act compiled as 44-7A-1 to 44-7A-32 NMSA 1978 was enacted effective July 1, 2001.
Delivery method important if delivery does not occur within limits. — Where delivery is not accomplished by the method required by this section, the important consideration is whether delivery actually occurs within the required time. The method becomes important if the delivery is not accomplished within the required time, although the statutory method of posting is complied with. Chaco Energy Co. v. Thercol Energy Co., 1981-NMSC-127, 97 N.M. 127, 637 P.2d 558.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 4 Am. Jur. 2d. Alternative Dispute Resolution § 191 et seq.
Death of party to arbitration agreement before award as revocation or termination of submission, 63 A.L.R.2d 754.
Failure of arbitrators to make award within specified time limit, 56 A.L.R.3d 815.
Referee's failure to file report within time specified by statute, court order, or stipulation as terminating reference, 71 A.L.R.4th 889.
6 C.J.S. Arbitration § 95 et seq.
Structure New Mexico Statutes
Chapter 44 - Miscellaneous Civil Law Matters
Article 7A - Uniform Arbitration
Section 44-7A-1 - Short title; definitions.
Section 44-7A-3 - When the uniform arbitration applies.
Section 44-7A-4 - Effect of agreement to arbitrate; nonwaivable provisions.
Section 44-7A-5 - Disabling civil dispute clause voidable.
Section 44-7A-6 - Application for judicial relief.
Section 44-7A-7 - Validity of agreement to arbitrate.
Section 44-7A-8 - Motion to compel or stay arbitration.
Section 44-7A-9 - Provisional remedies.
Section 44-7A-10 - Initiation of arbitration.
Section 44-7A-11 - Consolidation of separate arbitration proceedings.
Section 44-7A-12 - Appointment of arbitrator; service as a neutral arbitrator.
Section 44-7A-13 - Disclosure by arbitrator.
Section 44-7A-14 - Action by majority.
Section 44-7A-15 - Immunity of arbitrator; competency to testify; attorney's fees and costs.
Section 44-7A-16 - Arbitration process.
Section 44-7A-17 - Representation by lawyer.
Section 44-7A-18 - Witnesses; subpoenas; depositions; discovery.
Section 44-7A-19 - Judicial enforcement of pre-award ruling by arbitrator.
Section 44-7A-21 - Change of award by arbitrator.
Section 44-7A-22 - Remedies; fees and expenses of arbitration proceeding.
Section 44-7A-23 - Confirmation of award.
Section 44-7A-24 - Vacating award.
Section 44-7A-25 - Modification or correction of award.
Section 44-7A-26 - Judgment on award; attorney's fees and litigation expenses.
Section 44-7A-27 - Jurisdiction.
Section 44-7A-30 - Uniformity of application and construction.
Section 44-7A-31 - Relationship to electronic signatures in global and national commerce act.