(1) Any person may, but shall not be required to, accept or agree to be bound by an electronic record which is: Executed or adopted with an electronic signature; and
(2) Witnessed or notarized using an electronic signature, when that acceptance or agreement is otherwise required to be witnessed or notarized.
(3) When a person or other entity accepts or agrees to be bound by an electronic record as provided in this section, then any rule of law which requires: A record of that type to be in writing, shall be deemed satisfied;
(4) A signature, shall be deemed satisfied; and
(5) A witness or notary, shall be deemed satisfied by the electronic signature of the witness or notary.