In a controversy between a manufacturer and a new motor vehicle dealer under Alaska Stat. § 45.25.010 – 45.25.310 , neither the manufacturer nor the new motor vehicle dealer is required to submit the controversy to arbitration. If both the manufacturer and the new motor vehicle dealer agree to submit a controversy under Alaska Stat. § 45.25.010 – 45.25.310 to arbitration, the arbitration shall be conducted under Alaska Stat. § 09.43.010–09.43.180 (Uniform Arbitration Act) or Alaska Stat. § 09.43.300 – 09.43.595 (Revised Uniform Arbitration Act), as applicable, the manufacturer and the new motor vehicle dealer shall each select one arbitrator, and both the manufacturer and the new motor vehicle dealer shall select the third arbitrator.