355.8 -113 Statute of frauds inapplicable. 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 capab le of performance within one (1) year of its making. Effective: January 1, 1997 History: Created 1996 Ky. Acts ch. 130, sec. 126, effective January 1, 1997.
Kentucky Legal Code