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the Maine Revised Statutes
2011 Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 8-A: INVESTMENT SECURITIES
11 §8-1113. Statute of frauds inapplicable
Universal Citation:
11 ME Rev Stat § 8-1113 (2011 through 125th Legis)
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Part 1: SHORT TITLE AND GENERAL MATTERS
§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).
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