a corporate surety businesssolely to insurancecompaniesregulatedunder Chapter8 by the Board of Insur- ante.
It Is thus our opinionthat the recent legislationreferred to above has not altend or repealedthe former requirementof a cer- tificate of authorityfrolathe Board of Insurancefor a corporation to engage in the businessof actingas surety on bail bonds for a pre- mium. Therefore, it is our opinionthat the Secretaryof State does not have the authorityto approvechartersstatingthe doing of a bail bond business as a corporatepurpose.
Article 2.01-B(4)(d)of the Texar,Business Corporation Act; the Code of CriminalPro- cedure,Article271-a;and Article 8.01 of the InsuranceCods restrictthe corporate business of insuranceof bail bonds to those corporationrwhich have a certificateof au- thority from the Board of Insurance. There- fore, the Secretaryof State does not have Eon. Zollie Steakley,page 3 (WW-438)
authorityto approveapplicationsfor cor- porate charterswhich state the business of surety on criminalball bonds as a pur- pose.
Very truly yours,
WILL WILsOn AttorneyGeneralof Texas
Mac0 stevart Assistant
APPROVED:
OPINION COMMITTEE:
Geo. P. Blackburn,Chairman
Wallace P. Finfrock Riley Eugene Fletcher Tom I. McFarling
PJZVIEWEDFORTHE!ATTORNEYGENERAL BY: W. V. Geppert