28-8-113. 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 (1) year of its making.
History:
[28-8-113, added 1995, ch. 272, sec. 2, p. 884.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 8 - INVESTMENT SECURITIES
Part 1 - SHORT TITLE AND GENERAL MATTERS
Section 28-8-101 - SHORT TITLE.
Section 28-8-102 - DEFINITIONS.
Section 28-8-104 - ACQUISITION OF SECURITY OR FINANCIAL ASSET OR INTEREST THEREIN.
Section 28-8-105 - NOTICE OF ADVERSE CLAIM.
Section 28-8-107 - WHETHER INDORSEMENT, INSTRUCTION OR ENTITLEMENT ORDER IS EFFECTIVE.
Section 28-8-108 - WARRANTIES IN DIRECT HOLDING.
Section 28-8-109 - WARRANTIES IN INDIRECT HOLDING.
Section 28-8-110 - APPLICABILITY AND CHOICE OF LAW.
Section 28-8-111 - CLEARING CORPORATION RULES.
Section 28-8-112 - CREDITOR’S LEGAL PROCESS.
Section 28-8-113 - STATUTE OF FRAUDS INAPPLICABLE.
Section 28-8-114 - EVIDENTIARY RULES CONCERNING CERTIFICATED SECURITIES.
Section 28-8-115 - SECURITIES INTERMEDIARY AND OTHERS NOT LIABLE TO ADVERSE CLAIMANT.
Section 28-8-116 - SECURITIES INTERMEDIARY AS PURCHASER FOR VALUE.