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.
Utah Code § 70A-8-112
Statute of frauds inapplicable
Applied in 1 court decision — leading case Sachs v. Lesser (2007)
Most recently applied in Sachs v. Lesser (May 2007)
Enacted by Chapter 204, 1996 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.