An electronic signature is deemed to be secure if:

1. (1) it is created by application of a security procedure that is commercially reasonable and agreed to by the parties;
2. (2) the electronic signature can be verified by use of a procedure that is recognized and approved pursuant to Section 26-5-50; or

3. (3) when not previously agreed to by the parties, the electronic signature is:

   1. (a) unique to the party using it;
   2. (b) capable of identifying such party;
   3. (c) created in a manner or using a means under the sole control of the party using it; and
   4. (d) linked to the electronic record to which it relates in a manner such that, if the record is changed, the electronic signature is invalidated.