For purposes of this chapter:

1.    A record of signature may not be denied legal effect or enforceability solely because it is in electronic form; 2.    A contract may not be denied legal effect or enforceability solely because an electronic record was used in its formation; 3.    If a provision requires a record to be in writing, an electronic record satisfies the requirement; 4.    If a provision requires a signature, an electronic signature satisfies the requirement; and 5.    The provisions of this chapter relating to electronic records and electronic transactions do not limit or supersede chapter 9-16.