(810 ILCS 5/8-113)
Sec. 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.
(Source: P.A. 89-364, eff. 1-1-96.)
Sections: Previous 8-106 8-107 8-108 8-109 8-110 8-111 8-112 8-113 8-114 8-115 8-116 8-201 8-202 8-203 8-204 Next
Last modified: February 18, 2015