§ 16-108-212 - Vacating an award.
               	 		
16-108-212.    Vacating an award.
    (a)  Upon application of a party, the court shall vacate an award in which:
      (1)  The award was procured by corruption, fraud, or other undue means;
      (2)  There  was evident partiality by an arbitrator appointed as a neutral or  corruption in any of the arbitrators or misconduct prejudicing the  rights of any party;
      (3)  The arbitrators exceeded their powers;
      (4)  The  arbitrators refused to postpone the hearing upon sufficient cause being  shown therefor or refused to hear evidence material to the controversy  or otherwise so conducted the hearing, contrary to the provisions of     16-108-205, as to prejudice substantially the rights of a party; or
      (5)    (A)  There  was no arbitration agreement and the issue was not adversely determined  in proceedings under    16-108-202 and the party did not participate in  the arbitration hearing without raising the objection;
            (B)  But  the fact that the relief was such that it could not or would not be  granted by a court is not ground for vacating or refusing to confirm the  award.
(b)  An application under  this section shall be made within ninety (90) days after delivery of a  copy of the award to the applicant, except that, if predicated upon  corruption, fraud, or other undue means, it shall be made within ninety  (90) days after such grounds are known or should have been known.
(c)  In  vacating the award on grounds other than those stated in subdivision  (a)(5) of this section, the court may order a rehearing before new  arbitrators chosen as provided in the agreement, or in the absence  thereof, by the court in accordance with    16-108-203, or, if the award  is vacated on grounds set forth in subdivisions (a)(3) and (4) of this  section, the court may order a rehearing before the arbitrators who made  the award or their successors appointed in accordance with     16-108-203. The time within which the agreement requires the award to be  made is applicable to the rehearing and commences from the date of the  order.
(d)  If the application to  vacate is denied and no motion to modify or correct the award is  pending, the court shall confirm the award.