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.
La. R.S. 10:8-113
Statute of frauds inapplicable
Known as the Uniform Commercial Code
The act spans §§ 10–10 (238 sections).
Acts 1995, No. 884, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.