30-8-123. 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 1 year of its making.
History: En. Sec. 33, Ch. 536, L. 1997.
Structure Montana Code Annotated
Chapter 8. Uniform Commercial Code Investment Securities
Part 1. Short Title and General Matters
30-8-109. through 30-8-111 reserved
30-8-114. Acquisition of security or financial asset or interest therein
30-8-115. Notice of adverse claim
30-8-117. Whether indorsement, instruction, or entitlement order is effective
30-8-118. Warranties in direct holding
30-8-119. Warranties in indirect holding
30-8-120. Applicability -- choice of law
30-8-121. Clearing corporation rules
30-8-122. Creditor's legal process
30-8-123. Statute of frauds inapplicable
30-8-124. Evidentiary rules concerning certificated securities
30-8-125. Securities intermediary and others not liable to adverse claimant