§ 25-8-113. Statute of frauds inapplicable.
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/nc/chapter-25/25-8-113A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 25-8-113. 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. (1997-181, s. 1.)