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2018 Code of Alabama
Title 7 - COMMERCIAL CODE.
Article 8 - INVESTMENT SECURITIES.
Part 1 - Short Title and General Matters.
Section 7-8-113 - Statute of frauds inapplicable.
Universal Citation: AL Code § 7-8-113 (2018)
Section 7-8-113Statute 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.
(Acts 1996, No. 96-742, p. 1241, §1.)
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