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84-8-113. 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 capable of performance within one year of its making.

History: L. 1996, ch. 202, ยง 40; July 1.

KANSAS COMMENT, 1996

This section reverses the provisions of former 84-8-319 making the statute of frauds inapplicable to contracts for the sale of securities.


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