CODE OF VIRGINIA

STATUTE OF FRAUDS INAPPLICABLE (§ 8.8A-113)

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: 1996, c. 216.