11 §8-1113. Statute of frauds inapplicable
Title 11: UNIFORM COMMERCIAL CODE
Article 8-A: INVESTMENT SECURITIES HEADING: PL 1997, C. 429, PT. B, §2 (NEW)
Part 1: SHORT TITLE AND GENERAL MATTERS HEADING: PL 1997, C. 429, PT. B, §2 (NEW)
§8-1113. Statute of frauds inapplicable
A contract or modification of a contract for the sale or purchase of a security is enforceable whether or not there is a writing signed or record authenticated by a party against whom enforcement is sought, even if the contract or modification is not capable of performance within one year of its making. [1997, c. 429, Pt. B, §2 (NEW).]
SECTION HISTORY
1997, c. 429, §B2 (NEW).