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.
S.C. Code Ann. § 36-8-113
Statute of frauds inapplicable
Known as the Uniform Commercial Code
The act spans §§ 36–36 (519 sections).
1999 Act No. 42, SECTION 2; 2001 Act No. 67, SECTION 5.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.