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2012 Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 8-A: INVESTMENT SECURITIES
11 §8-1113. Statute of frauds inapplicable


11 ME Rev Stat § 8-1113 (2012 through 125th Legis) What's This?

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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