Effective 28 Aug 1997
400.8-113. 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.
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(L. 1997 S.B. 6)
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