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.
Statute of frauds inapplicable
11 M.R.S. § 8-1113, under Chapter 8-A.
11 M.R.S. § 8-1113