Michigan Compiled Laws § 440.8113 Sale Or Purchase Of Security; Enforcement Of Contract Or Contract Modification.

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

Section: Previous  440.8103  440.8104  440.8105  440.8106  440.8107  440.8108  440.8109  440.8110  440.8111  440.8112  440.8113  440.8114  440.8115  440.8116    Next

Last modified: October 10, 2016