This method described in Part Eleven of this Manual may also be utilized for the conduct of arbitration between Board Members of different Boards of different states, subject to the parties» voluntary agreement in advance to accept the place, date, and time established for a hearing
by the arbitration panel chosen in accordance with
prescribed procedures, and to pay all costs of such arbitration as may be directed
by the panel, and further subject to
applicable state
law of the respective states regarding binding arbitration.