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 capable of performance within one year of its making. (Added 1995, No. 92 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)
Vermont Legal Code