2020 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 (2020)

Section 7-8-113

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.

(Acts 1996, No. 96-742, p. 1241, §1.)

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