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Form a Business

Statute of Frauds Inapplicable.

Ala. Code § 7-8-113
in effect
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7-8-113. 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. (Acts 1996, No. 96-742, p. 1241, §1.)
Source: Alabama Legislature (alison.legislature.state.al.us)URL: https://alison.legislature.state.al.us/code-of-alabama#7-8-113Fetched: 10/20/2026

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