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NEW MEXICO STATUTES AND CODES

Section 55-8-113 - Statute of frauds inapplicable.

55-8-113. 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.   

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