N.J.S.A. 12A:8-113

Statute of Frauds Inapplicable.

12A: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. L.1997,c.252,s.1.

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This is the verbatim text of N.J.S.A. 12A:8-113, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.