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(a) Any person may, but shall not be required to, accept or agree to be bound by an electronic record which is:
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(1) Executed or adopted with an electronic signature; and
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(2) Witnessed or notarized using an electronic signature, when that acceptance or agreement is otherwise required to be witnessed or notarized.
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(b) 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:
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(1) A record of that type to be in writing, shall be deemed satisfied;
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(2) A signature, shall be deemed satisfied; and
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(3) A witness or notary, shall be deemed satisfied by the electronic signature of the witness or notary.
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