Licensing of natural persons and corporations.
1. Except as otherwise provided in this section, no license may be issued:
(a) Except in compliance with this chapter.
(b) To a bail agent, bail enforcement agent or bail solicitor, unless he is a natural person.
2. A corporation may be licensed as a bail agent or bail enforcement agent if:
(a) The corporation is owned and controlled by an insurer authorized to write surety in this state or a subsidiary corporation of such an insurer; or
(b) Ownership and control of the corporation is retained by one or more licensed agents.
3. This section does not prohibit two or more licensed bail agents from entering into a partnership for the conduct of their bail business. No person may be a member of such a partnership unless he is licensed pursuant to this chapter in the same capacity as all other members of the partnership. A limited partnership or a natural person may not have any proprietary interest, directly or indirectly, in a partnership or the conduct of business thereunder except licensed bail agents as provided in this chapter.
Last modified: February 27, 2006