For purposes of this chapter only, unless the context requires otherwise:

(1) “Agreement” means an agreement described in § 5803(a) of this title.

(2) “Arbitration” means an arbitration provided for under this chapter.

(3) “Arbitrator” means a person named in an agreement, selected under an agreement, or appointed by the parties to an agreement or the Court of Chancery, to preside over an arbitration and issue a final award. If an arbitration proceeds before more than 1 arbitrator,

a. References in this chapter to an arbitrator shall be deemed to be references to the arbitrators; and

b. Unless otherwise provided in an agreement, references in this chapter to an act of an arbitrator shall be deemed to be references to an act of a majority of the arbitrators.

(4) “Final award” means an award designated as final and issued in an arbitration by an arbitrator.

(5) “Organization” means a civic association, neighborhood alliance, homeowners maintenance corporation, homeowners maintenance association, common interest community (as defined in § 81-103 of Title 25), or other similar entity charged with or assuming the duties of maintaining the public areas, open space, or common facilities within a residential development or community.

80 Del. Laws, c. 6, § ?1;

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Terms Used In Delaware Code Title 10 Sec. 5801

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.