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Uniform Commercial Code | |
Uniform Commercial Code - Investment Securities | |
Section 112 | Statute of frauds inapplicable. |
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70A-8-112. 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.
Enacted by Chapter 204, 1996 General Session |
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