A memory system and corresponding method for executing boot code stored therein are provided, the memory system including a mode decoder, a first memory in signal communication with the mode decoder, a second memory in signal communication with the mode decoder, and a mode generator in signal communication with the mode decoder for generating a signal indicative of selecting one of the first and second memories as the boot memory; and the method for executing boot code including initially booting the system from a first memory, programming a second memory for subsequent booting, programming a mode generator to subsequently boot the system from the second memory, and subsequently booting the system from the second memory.