§658-5 No trial if issue referable to arbitration. If any action or proceeding is brought upon any issue referable to arbitration under an agreement in writing, the circuit court, upon being satisfied that the issue involved in the action or proceeding is referable to arbitration under such an agreement in writing, shall stay the trial of the action or proceeding until the arbitration has been had in accordance with the terms of the agreement, provided the applicant for the stay is not in default in proceeding with the arbitration. [CC 1859, §929; RL 1925, §2928; am L 1925, c 276, pt of §1; RL 1935, §4174; RL 1945, §8705; RL 1955, §188-5; HRS §658-5; am L 1972, c 90, §2(d)]