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 Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the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.
The Arkansas Certificate of Termination of Unit is a legal document that signifies the dissolution or termination of a specific unit within a larger organization. This certificate is typically filed with the Arkansas Secretary of State's office to officially declare the termination of the unit. The purpose of the Arkansas Certificate of Termination of Unit is to provide a formal record of the termination, ensuring that all legal obligations and responsibilities related to the unit's dissolution are fulfilled. It serves as a final step in the winding-up process, effectively ceasing the unit's existence and eliminating any further liabilities. To file the Arkansas Certificate of Termination of Unit, the responsible party must provide various details and information, such as the name of the unit, the organization it belongs to, and the reason for its termination. Additionally, the certificate may require the signatures of relevant parties or individuals authorized to dissolve the unit. While there may not be different types of Arkansas Certificates of Termination of Unit, there can be variations in the specific requirements and procedures depending on the type of organization or the unit being terminated. For example, the process for dissolving a business unit within a corporation might differ from dissolving a department within a government agency. Keywords: Arkansas, Certificate of Termination of Unit, legal document, dissolution, termination, Arkansas Secretary of State, filing, obligations, responsibilities, winding-up process, liabilities, details, information, organization, reason, signatures, dissolve, business unit, corporation, department, government agency.
The Arkansas Certificate of Termination of Unit is a legal document that signifies the dissolution or termination of a specific unit within a larger organization. This certificate is typically filed with the Arkansas Secretary of State's office to officially declare the termination of the unit. The purpose of the Arkansas Certificate of Termination of Unit is to provide a formal record of the termination, ensuring that all legal obligations and responsibilities related to the unit's dissolution are fulfilled. It serves as a final step in the winding-up process, effectively ceasing the unit's existence and eliminating any further liabilities. To file the Arkansas Certificate of Termination of Unit, the responsible party must provide various details and information, such as the name of the unit, the organization it belongs to, and the reason for its termination. Additionally, the certificate may require the signatures of relevant parties or individuals authorized to dissolve the unit. While there may not be different types of Arkansas Certificates of Termination of Unit, there can be variations in the specific requirements and procedures depending on the type of organization or the unit being terminated. For example, the process for dissolving a business unit within a corporation might differ from dissolving a department within a government agency. Keywords: Arkansas, Certificate of Termination of Unit, legal document, dissolution, termination, Arkansas Secretary of State, filing, obligations, responsibilities, winding-up process, liabilities, details, information, organization, reason, signatures, dissolve, business unit, corporation, department, government agency.
