This document is an agreement between a bank and a vehicle dealership in Kansas, where the bank issues a certificate of deposit to guarantee the dealership's compliance with the Ve
This document is an agreement between a bank and a vehicle dealership in Kansas, where the bank issues a certificate of deposit to guarantee the dealership's compliance with the Vehicle Dealer and Manufacturers Licensing Act. The certificate of deposit is in the amount of $50,000.00 and is held jointly in the names of the State of Kansas and the dealership. The agreement outlines the terms and conditions of the certificate of deposit, including the bank's acknowledgement of the Kansas Department of Revenue's security interest in the property.
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Summary
This document is an agreement between a bank and a vehicle dealership in Kansas, where the bank issues a certificate of deposit to guarantee the dealership's compliance with the Vehicle Dealer and Manufacturers Licensing Act. The certificate of deposit is in the amount of $50,000.00 and is held jointly in the names of the State of Kansas and the dealership. The agreement outlines the terms and conditions of the certificate of deposit, including the bank's acknowledgement of the Kansas Department of Revenue's security interest in the property.