(710 ILCS 15/4) (from Ch. 10, par. 204)
Sec. 4.
Additional Parties.
By consent of all parties to an arbitration
proceeding, a person, corporation, or entity not a signatory to the agreement
may be invited to participate in and be bound by the agreement, or may be
accepted into the agreement upon an offer to participate and be bound.
If such invitation or acceptance is made pursuant to consent of the arbitration
parties, no signatory may refuse to arbitrate because of the participation
of such additional party. An additional participant shall execute a written
statement to be bound by the arbitration proceedings and agreement or shall
sign the agreement, and shall then be treated as a party.
(Source: P.A. 80-1012.)
|