This form is signed by and on behalf of the Unit Operator covering lands in which a Unit was formed and established by the Unit Agreement. Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the Agreement.
Alabama Certificate of Termination of Unit is a legal document used to dissolve a limited liability company (LLC) in the state of Alabama. It signifies the end of the LLC's existence and terminates any remaining obligations or responsibilities associated with the unit. The Alabama Code Section 10A-5A-14.05 outlines the requirements for the Certificate of Termination of Unit. It is crucial to follow these guidelines in order to dissolve the LLC properly and avoid any legal consequences. The contents of the Alabama Certificate of Termination of Unit include: 1. LLC Information: The full legal name of the limited liability company must be provided, along with the address of the principal place of business. 2. Execution details: The date when the certificate is executed and the signature of a member, manager, or authorized representative must be provided. 3. Statement of Dissolution: This section states that the LLC is voluntarily dissolving and provides the effective date of dissolution. 4. Statement of Dissolution Limitations: If any conditions or limitations are involved in the dissolution, they must be explicitly mentioned in this section. 5. Statement of Compliance: This section affirms that all the requirements for dissolution under the Alabama Limited Liability Company Act have been met. 6. Future Representation: The certificate should include the name and address of a person who will represent the LLC for any potential legal matters after the dissolution. 7. Additional Attachments: Any additional attachments required by the Alabama Secretary of State should be included along with the certificate. There are two types of Alabama Certificate of Termination of Unit: 1. Voluntary Dissolution: This type of certificate is used when the LLC members decide to dissolve the company voluntarily. It is typically initiated by a majority vote of the members or as specified in the LLC's operating agreement. 2. Involuntary Dissolution: This type of certificate is filed when the LLC is forced to dissolve due to certain circumstances, such as court order, failure to comply with statutory requirements, or other legal reasons. In conclusion, the Alabama Certificate of Termination of Unit is a comprehensive legal document that officially dissolves an LLC in Alabama. It requires precise information about the LLC, including necessary signatures and compliance with state regulations. Understanding the different types of termination, whether voluntary or involuntary, is necessary when filing the certificate.
Alabama Certificate of Termination of Unit is a legal document used to dissolve a limited liability company (LLC) in the state of Alabama. It signifies the end of the LLC's existence and terminates any remaining obligations or responsibilities associated with the unit. The Alabama Code Section 10A-5A-14.05 outlines the requirements for the Certificate of Termination of Unit. It is crucial to follow these guidelines in order to dissolve the LLC properly and avoid any legal consequences. The contents of the Alabama Certificate of Termination of Unit include: 1. LLC Information: The full legal name of the limited liability company must be provided, along with the address of the principal place of business. 2. Execution details: The date when the certificate is executed and the signature of a member, manager, or authorized representative must be provided. 3. Statement of Dissolution: This section states that the LLC is voluntarily dissolving and provides the effective date of dissolution. 4. Statement of Dissolution Limitations: If any conditions or limitations are involved in the dissolution, they must be explicitly mentioned in this section. 5. Statement of Compliance: This section affirms that all the requirements for dissolution under the Alabama Limited Liability Company Act have been met. 6. Future Representation: The certificate should include the name and address of a person who will represent the LLC for any potential legal matters after the dissolution. 7. Additional Attachments: Any additional attachments required by the Alabama Secretary of State should be included along with the certificate. There are two types of Alabama Certificate of Termination of Unit: 1. Voluntary Dissolution: This type of certificate is used when the LLC members decide to dissolve the company voluntarily. It is typically initiated by a majority vote of the members or as specified in the LLC's operating agreement. 2. Involuntary Dissolution: This type of certificate is filed when the LLC is forced to dissolve due to certain circumstances, such as court order, failure to comply with statutory requirements, or other legal reasons. In conclusion, the Alabama Certificate of Termination of Unit is a comprehensive legal document that officially dissolves an LLC in Alabama. It requires precise information about the LLC, including necessary signatures and compliance with state regulations. Understanding the different types of termination, whether voluntary or involuntary, is necessary when filing the certificate.
