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.
Tex. Bus. & Com. Code § 8.113
STATUTE OF FRAUDS INAPPLICABLE
Known as the Uniform Commercial Code
The act spans §§ 1–12 (616 sections).
Applied in 2 court decisions — leading case Birenbaum v. Option Care, Inc. (1997)
Most recently applied in Birenbaum v. Option Care, Inc. (October 1997)
Added by Acts 1995, 74th Leg., ch. 962, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.