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.
Cal. Com. Code § 8113
Short Title and General Matters
Known as the Uniform Commercial Code
The act spans §§ 1101–12107 (623 sections).
Added by Stats. 1996, Ch. 497, Sec. 9
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.