440.8113 Sale or purchase of security; enforcement of contract or contract modification.
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/mi/chapter-440/440-8113A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
440.8113 Sale or purchase of security; enforcement of contract or contract modification.
Sec. 8113.
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 1 year of its making.
History: Add. 1998, Act 278 , Imd. Eff. July 27, 1998