A contract for the sale of shares must be evidenced in writing the revised Article 8 does away with the Statute of Frauds.

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The revised Article 8 of the Uniform Commercial Code (UCC) primarily deals with the holding and transfer of financial assets like stocks but does not eliminate the requirement for a written contract in all circumstances. The Statute of Frauds, which requires certain contracts to be in writing, is more closely related to Article 2 of the UCC, which covers the sale of goods, and its principles may not directly apply to securities under Article 8. However, the specific requirements for a contract's form can vary by jurisdiction and the nature of the transaction.

A Contract for the Sale of Shares Must Be Evidenced