Is it possible to obtain a stay of execution on a securities arbitration award?

Yes, it is possible to obtain a stay of execution on a securities arbitration award in Kansas. A stay of execution on an arbitration award is when a court order stops a party from executing or carrying out the terms of an arbitration award while the results of an appeal or other proceedings by the party are pending. In Kansas, the Kansas Uniform Arbitration Act governs the procedures for obtaining such a stay. Specifically, under K.S.A. 5-412(b)(2), an aggrieved party can bring a motion to stay the execution of the award pending the party’s appeal or review of the award. The motion must be made within the time period specified in the award for appeal or review. The court may grant the stay if it finds that the aggrieved party provided a bond or other security for the payment of the award, and that the stay is equitable under the circumstances of the case. The court may also impose other conditions for granting the stay, such as requiring the party requesting the stay to give the opposing party security for any damages that may be incurred by the opposing party as a result of the stay. In sum, a stay of execution on a securities arbitration award is possible in Kansas. The court will grant the stay if the aggrieved party meets certain conditions specified by the Kansas Uniform Arbitration Act.

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