Statute of frauds inapplicable

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, § 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.