Code of Virginia - Title 8.8A Commercial Code - Investment Securities - Section 8.8A-113 Statute of frauds inapplicable

§ 8.8A-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.

(1996, c. 216.)

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Last modified: April 3, 2009