Form PI-122 Wholesale Potato Dealer Irrevocable Letter of Credit - Michigan

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.

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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;

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.

Download Form PI-122 Wholesale Potato Dealer Irrevocable Letter of Credit - Michigan

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