Ala. Code § 7-8-113
Current with legislation from 2024 effective through May 13, 2024.
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.
Ala. Code § 7-8-113 (1975)