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 (1) year of its making.
Ark. Code Ann. § 4-8-113
Statute of frauds inapplicable
Known as the Uniform Commercial Code
The act spans §§ 4–4 (597 sections).
Acts 1995, No. 425, § 1.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.