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.
Alabama Legal Code
Section 7-8-113 - Statute of Frauds Inapplicable
Source: https://alison.legislature.state.al.us/code-of-alabama?section=7-8-113· Version 2026