Section 4: Death or change in status of party

(1) An arbitration agreement shall not be invalid by reason of the death of any of the parties to the agreement.
(2) The authority of an arbitrator shall not be revoked by the death, bankruptcy, insolvency or other change in circumstance of any party by whom the arbitrator was appointed.
(3) Nothing in this section shall be construed to affect the operation of any law by virtue of which any right of action is extinguished by the death of a person.
(4) For the purposes of this section, "death" includes the meaning ascribed to it in section 91(1) of this Act.