For purposes of this chapter:

1. A record or 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, then an electronic record satisfies the requirement;

4. If a provision requires a signature, then 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 any provision of chapter 9-16.