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.
Structure Delaware Code
Article 8. Investment Securities
Part 1. Short Title and General Matters
§ 8-104. Acquisition of security or financial asset or interest therein.
§ 8-105. Notice of adverse claim.
§ 8-107. Whether endorsement, instruction, or entitlement order is effective.
§ 8-108. Warranties in direct holding.
§ 8-109. Warranties in indirect holding.
§ 8-110. Applicability; choice of law.
§ 8-111. Clearing corporation rules.
§ 8-112. Creditor's legal process.
§ 8-113. Statute of frauds inapplicable.
§ 8-114. Evidentiary rules concerning certificated securities.
§ 8-115. Securities intermediary and others not liable to adverse claimant.