Sec. 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 year of its making.
Added by Acts 1995, 74th Leg., ch. 962, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Title 1 - Uniform Commercial Code
Chapter 8 - Investment Securities
Subchapter A. 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