Notwithstanding the provisions of § 29-2-101, 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 (1) year of its making.
Structure 2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 8 - Investment Securities
Part 1 - Short Title and General Matters
§ 47-8-108. Warranties in Direct Holding
§ 47-8-111. Clearing Corporation Rules
§ 47-8-113. Statute of Frauds Inapplicable
§ 47-8-114. Evidentiary Rules Concerning Certificated Securities
§ 47-8-115. Securities Intermediary and Others Not Liable to Adverse Claimant