Collin Texas Declaration of Dissolution of Unit

• Category: Oil Gas and Minerals - Pooling and Unitization
• State: Multi-State
• County: Collin
• Control #: US-OG-373
• Format: Word; Rich Text

Description

This declaration form is used for the purpose of providing notice that the purpose for which the Unit was formed no longer exists and the Unit is deemed to be dissolved and the Designation of Unit no longer in effect. The Collin Texas Declaration of Dissolution of Unit is a legal document that serves to officially dissolve a unit within the Collin County, Texas jurisdiction. This declaration is filed with the appropriate authorities, typically the Collin County Clerk's Office, to legally terminate the existence of the unit. Keywords: Collin Texas, Declaration of Dissolution of Unit, legal document, Collin County Clerk's Office, terminate existence Types of Collin Texas Declaration of Dissolution of Unit: 1. Business Unit Dissolution: This type of declaration is used when a business entity such as a partnership, corporation, or limited liability company operating within Collin County decides to dissolve and wind up its operations. The dissolution should comply with the relevant state laws and the entity's governing documents. 2. Homeowners Association Dissolution: Homeowners associations (Has) in Collin County, Texas, may file a Declaration of Dissolution of Unit to officially dissolve the association. This might be due to various reasons such as lack of participation or financial constraints. The declaration should outline the process of disbanding the HOA, including the distribution of any remaining assets. 3. Condominium Association Dissolution: Similar to Has, condominium associations in Collin Texas may file a Declaration of Dissolution of Unit to dissolve the association. This typically occurs when the majority of unit owners vote in favor of dissolution or if the association is unable to adequately maintain or operate the condominium complex. The declaration should address the distribution of assets and liabilities among the unit owners. 4. Cooperative Housing Dissolution: Cooperatives are housing organizations where residents collectively own shares in the cooperative corporation. In Collin County, if the members of a cooperative decide to dissolve and terminate the cooperative housing arrangement, they would file a Declaration of Dissolution of Unit. The declaration must outline the process of distributing the cooperative's assets and liabilities to the shareholders. 5. Special District Dissolution: Special districts in Collin County, Texas, are governmental entities created to provide specific services to a defined geographic area. In certain circumstances, a special district may decide to dissolve, at which point they would file a Declaration of Dissolution of Unit. The declaration should detail the final actions, such as transferring responsibility for services or assets, and discharging any remaining liabilities. Each type of Collin Texas Declaration of Dissolution of Unit has its specific requirements and considerations, all aiming to legally terminate and dissolve the relevant entity or association within Collin County jurisdiction, ultimately ceasing its existence.

The Collin Texas Declaration of Dissolution of Unit is a legal document that serves to officially dissolve a unit within the Collin County, Texas jurisdiction. This declaration is filed with the appropriate authorities, typically the Collin County Clerk's Office, to legally terminate the existence of the unit. Keywords: Collin Texas, Declaration of Dissolution of Unit, legal document, Collin County Clerk's Office, terminate existence Types of Collin Texas Declaration of Dissolution of Unit: 1. Business Unit Dissolution: This type of declaration is used when a business entity such as a partnership, corporation, or limited liability company operating within Collin County decides to dissolve and wind up its operations. The dissolution should comply with the relevant state laws and the entity's governing documents. 2. Homeowners Association Dissolution: Homeowners associations (Has) in Collin County, Texas, may file a Declaration of Dissolution of Unit to officially dissolve the association. This might be due to various reasons such as lack of participation or financial constraints. The declaration should outline the process of disbanding the HOA, including the distribution of any remaining assets. 3. Condominium Association Dissolution: Similar to Has, condominium associations in Collin Texas may file a Declaration of Dissolution of Unit to dissolve the association. This typically occurs when the majority of unit owners vote in favor of dissolution or if the association is unable to adequately maintain or operate the condominium complex. The declaration should address the distribution of assets and liabilities among the unit owners. 4. Cooperative Housing Dissolution: Cooperatives are housing organizations where residents collectively own shares in the cooperative corporation. In Collin County, if the members of a cooperative decide to dissolve and terminate the cooperative housing arrangement, they would file a Declaration of Dissolution of Unit. The declaration must outline the process of distributing the cooperative's assets and liabilities to the shareholders. 5. Special District Dissolution: Special districts in Collin County, Texas, are governmental entities created to provide specific services to a defined geographic area. In certain circumstances, a special district may decide to dissolve, at which point they would file a Declaration of Dissolution of Unit. The declaration should detail the final actions, such as transferring responsibility for services or assets, and discharging any remaining liabilities. Each type of Collin Texas Declaration of Dissolution of Unit has its specific requirements and considerations, all aiming to legally terminate and dissolve the relevant entity or association within Collin County jurisdiction, ultimately ceasing its existence.