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Virginia Law

Code of Virginia

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Code of Virginia
Title 8.8A. Commercial Code — Investment Securities
Part 1. Short Title and General Matters
11/16/2024

§ 8.8A-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.

1996, c. 216.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.