Any corporation organized under the laws of Puerto Rico or of any state of the United States for the purpose of giving bonds or guaranteeing undertakings required by law may become and may be accepted as surety or as sole or sufficient guarantor of such undertakings. Such security shall be subject to all the liabilities and entitled to all the rights of natural persons’ bonds, provided such corporation shall have complied with all the requirements of the law which governs in Puerto Rico the organization of corporations engaged in this type of business.
Puerto Rico Legal Code