N.Y. Uniform Commercial Code Law § 8-113: Statute of Frauds Generally Inapplicable

Section 8--113. Statute of Frauds Generally Inapplicable.

(a) Except as provided in subsection (b), 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.

(b) A contract or modification of a contract for the sale or purchase

of a cooperative interest is void unless the contract or some note or

memorandum thereof, expressing the consideration, is in writing,

subscribed by the party to be charged, or by his lawful agency thereunto

authorized by writing.