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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. Code 1981, § 11-8-113 , enacted by Ga. L. 1998, p. 1323, § 1.

Cross references.

Statute of frauds generally, § 13-5-30 et seq.