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Form PI-122 Wholesale Potato Dealer Irrevocable Letter of Credit - Michigan
What Is Form PI-122?
This is a legal form that was released by the Michigan Department of Agriculture and Rural Development - a government authority operating within Michigan. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form PI-122?
A: Form PI-122 is a Wholesale Potato Dealer Irrevocable Letter of Credit.
Q: What is the purpose of Form PI-122?
A: The purpose of Form PI-122 is to establish a letter of credit for wholesale potato dealers in Michigan.
Q: Who uses Form PI-122?
A: Form PI-122 is used by wholesale potato dealers in Michigan.
Q: What is an irrevocable letter of credit?
A: An irrevocable letter of credit is a commitment by a bank to pay the beneficiary (the wholesale potato dealer) a specified amount of money.
Q: Why is Form PI-122 important?
A: Form PI-122 is important because it provides a financial guarantee to wholesale potato dealers in Michigan, ensuring that they will be paid for their potato sales.
Q: Is Form PI-122 specific to Michigan?
A: Yes, Form PI-122 is specific to Michigan and is used by wholesale potato dealers in the state.
Q: Are there any fees associated with Form PI-122?
A: There may be fees associated with establishing an irrevocable letter of credit, but the specific fees will depend on the bank or financial institution issuing the letter of credit.
Form Details:
- Released on May 1, 2012;
- The latest edition provided by the Michigan Department of Agriculture and Rural Development;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form PI-122 by clicking the link below or browse more documents and templates provided by the Michigan Department of Agriculture and Rural Development.
