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 1 year of its making.
Structure Maryland Statutes
Title 8 - Investment Securities
Subtitle 1 - Short Title and General Matters
Section 8-104 - Acquisition of Security or Financial Asset or Interest Therein
Section 8-105 - Notice of Adverse Claim
Section 8-107 - Whether Indorsement, Instruction, or Entitlement Order Is Effective
Section 8-108 - Warranties in Direct Holding
Section 8-109 - Warranties in Indirect Holding
Section 8-110 - Applicability; Choice of Law
Section 8-111 - Clearing Corporation Rules
Section 8-112 - Creditor's Legal Process
Section 8-113 - Statute of Frauds Inapplicable
Section 8-114 - Evidentiary Rules Concerning Certificated Securities
Section 8-115 - Securities Intermediary and Others Not Liable to Adverse Claimant
Section 8-116 - Securities Intermediary as Purchaser for Value