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.
N.C. Gen. Stat. § 25-8-113
Statute of frauds inapplicable
Known as the Uniform Commercial Code
The act spans §§ 25–25 (616 sections).
1997-181, s. 1.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.