Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 47. Uniform Commercial Code |
Chapter 8. INVESTMENT SECURITIES |
Article 1. Short Title and General Matters |
Sec 47-8113. Statute of frauds inapplicable
Latest version.
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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.