Code of Alabama
Ala. Code § 7-8-113 (2026)
Statute of Frauds Inapplicable.
✓ official Alabama Legislature (ALISON) text, current July 2026
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.)
Notes of Decisions
Cited in 2
cases, 2006–2014 · leading case: Fausak's Tire Ctr., Inc. v. Blanchard, 959 So. 2d 1132 (Ala. Civ. App. 2006).
Fausak's Tire Ctr., Inc. v. Blanchard, 959 So. 2d 1132 (Ala. Civ. App. 2006). “Acts 1996 (effective January 1, 1997), and § 7-8-113 (Official Comment). Section 7-8-319 had been the UCC Statute of Frauds provision applying to contracts for the sale of securities.”
Lambert v. First Fed. Mortg., 47 F. Supp. 3d 1310 (N.D. Ala. 2014). “ement, contract or promise to make a will or to devise or bequeath any real or personal property or right, title or interest therein; (7) Every agreement or commitment to lend money, delay or forebear repayment thereof or to modify the provisions of such an agreement or…”
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