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(1)An arbitrator is not liable for anything done or omitted in the discharge or purported discharge of his functions as arbitrator unless the act or omission is shown to have been in bad faith.
(2)Subsection (1) applies to an employee or agent of an arbitrator as it applies to the arbitrator himself.
(3)This section does not affect any liability incurred by an arbitrator by reason of his resigning (but see section 25).
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