Section 440.8113 Sale or Purchase of Security; Enforcement of Contract or Contract Modification.

MI Comp L § 440.8113 (2019) (N/A)
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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