California Commercial Code

§ 8113

COM § 8113 Effective Jan 1, 1997Div. 8 · Ch. 1

Statute text

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.

Legislative history

Added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.