Florida Statute 678.1131 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 678
UNIFORM COMMERCIAL CODE: INVESTMENT SECURITIES

View Entire Chapter

678.1131 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.—s. 1, ch. 98-11.

F.S. 678.1131 on Google Scholar

F.S. 678.1131 on CourtListener

Amendments to 678.1131

Annotations, Discussions, Cases:

Cases Citing Statute 678.1131

Total Results: 1 | Sort by: Relevance | Newest First

Copy

LynkUs Commc'ns, Inc. v. WebMD Corp., 965 So. 2d 1161 (Fla. 2d DCA 2007).

Cited 8 times | Published | Florida 2nd District Court of Appeal | 2007 WL 2317291

...the trial court correctly concluded that *1166 enforcement of the agreement was barred by the Statute of Frauds"); Chong v. Milano, 623 So.2d 536, 537 (Fla. 4th DCA 1993) ("Since the business agreement was to last indefinitely, the statute of frauds bars its enforcement."). LynkUs also relies on the provision of section 678.1131, Florida Statutes (2000), which makes the statute of frauds inapplicable to contracts for the sale or purchase of securities....

...LynkUs to provide the wireless communications solution to the customers of Medical Manager and WebMD, that circumstance is tangential to LynkUs's cause of action. The alleged securities transaction is not the basis for LynkUs's claims. Accordingly, section 678.1131 has no application here....

This Florida statute resource is curated by Graham W. Syfert, Esq., a Jacksonville, Florida personal injury and workers' compensation attorney. For legal consultation, call 904-383-7448.