Short answer. Yes. Rule 114, Section 10 allows any domestic or foreign corporation licensed as a surety in accordance with law and currently authorized to act as such to provide bail. The bond must be subscribed jointly by the accused and an officer of the corporation duly authorized by its board of directors.
What the law says
Any domestic or foreign corporation, licensed as a surety in accordance with law and currently authorized to act as such, may provide bail by a bond subscribed jointly by the accused and an officer of the corporation duly authorized by its board of directors.
Rule 114, Section 10 — Corporate surety. Read the full provision →
Two requirements for the company itself
Section 10 does not open the door to every business willing to take a premium. The corporation must be licensed as a surety in accordance with law and must be currently authorized to act as such. Those are separate hurdles: a licence obtained once is not enough if the authority is no longer current. The rule speaks of any domestic or foreign corporation that clears both, so foreign surety companies are not excluded — but for either kind, everything turns on the licence and the present authority to act as a surety.
How the bond must be signed
The form of the bond is prescribed: it must be subscribed jointly by the accused and an officer of the corporation duly authorized by its board of directors. Two signatures, and both matter. The accused signs personally — a surety bond is not something a bonding company files on its own. And the corporate signatory must carry authority from the board itself, not merely a job title. A bond signed by an agent without board authorization, or without the accused's own subscription, does not match what the section describes.
What to verify before paying a premium
Families arranging bail are usually in a hurry, which is exactly when an unauthorized operator is hardest to spot. Before money changes hands, ask the company to show that it is currently authorized to transact as a surety, and that the officer signing holds a board authorization. Ask, too, how the premium relates to the bail the court fixed — the bond posted must answer for that amount. If the company hesitates over any of these documents, that hesitation is the answer. A defective bond risks the worst of both worlds: the premium is spent and the accused stays in custody.
Corporate surety is one option among several
Rule 114 recognises corporate surety as one way of posting bail; the choice between a surety company and other arrangements is largely practical. A surety bond means paying a premium the family will not get back, in exchange for not tying up its own money or property. Whether that trade makes sense depends on the amount fixed, how long the case is likely to run, and what assets are actually available. A lawyer can compare the options against the court's bail order — the document that states the amount and any conditions — before anything is signed.