§8-1113. 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. [PL 1997, c. 429, Pt. B, §2 (NEW).]
SECTION HISTORY
PL 1997, c. 429, §B2 (NEW).
Structure Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 8-A: INVESTMENT SECURITIES
Part 1: SHORT TITLE AND GENERAL MATTERS
11 §8-1104. Acquisition of security or financial asset or interest in a security or financial asset
11 §8-1105. Notice of adverse claim
11 §8-1107. Whether indorsement, instruction or entitlement order is effective
11 §8-1108. Warranties in direct holding
11 §8-1109. Warranties in indirect holding
11 §8-1110. Applicability; choice of law
11 §8-1111. Clearing corporation rules
11 §8-1112. Creditor's legal process
11 §8-1113. Statute of frauds inapplicable
11 §8-1114. Evidentiary rules concerning certificated securities
11 §8-1115. Securities intermediary and others not liable to adverse claimant