Statute of frauds inapplicable.

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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.

History of Section.
P.L. 2000, ch. 182, § 5; P.L. 2000, ch. 420, § 5.


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