(1) After a party to an arbitration proceeding receives notice of an award, the party may make a petition to the court for an order confirming the award. The party filing the petition must serve a copy of the petition on all other parties to the proceedings. The court shall issue a confirming order unless within 20 days after the petition is served on the other parties:

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(a) A party requests that the arbitrator modify or correct the award under ORS § 36.690; or

(b) A party petitions the court to vacate, modify or correct the award under ORS § 36.705 or 36.710.

(2) If a party requests that the arbitrator modify or correct the award under ORS § 36.690, or petitions the court to vacate, modify or correct the award under ORS § 36.705 or 36.710, the court may stay entry of an order on a petition filed under this section until a final decision is made on the request or petition. [2003 c.598 § 22]

See note under 36.600.