21-25B-2. Parents and fiduciaries authorized to enter arbitration agreements on behalf of others--Nonliability. Natural parents having custody of a minor child and personal representatives of an estate, or a guardian or conservator for a ward may, notwithstanding other statutes to the contrary, enter into a binding arbitration agreement on behalf of the person, estate, beneficiary, ward or heirs at law that they represent for the purposes of this chapter only; and, such natural parents having custody of a minor child and personal representatives of an estate and guardian or conservator are not liable to the person, estate, beneficiary or heirs at law for entering into such binding arbitration agreement.
Source: SL 1976, ch 155, § 26; SL 1993, ch 213, § 101; SL 1995, ch 167, § 188.
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