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 Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the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.
New Jersey Certificate of Termination of Unit is a legal document that officially terminates the existence of a business entity in the state of New Jersey. This certificate is typically filed with the New Jersey Division of Revenue and Enterprise Services (DOES) to dissolve or terminate the entity's operations. The Certificate of Termination of Unit signifies the completion of all necessary actions and obligations to cease the entity's activities, including the distribution of assets, final settlements, and resolution of any outstanding debts or liabilities. It is an important step in the process of winding up and dissolving a business entity. Keywords: New Jersey, Certificate of Termination of Unit, legal document, dissolve, terminate, business entity, New Jersey Division of Revenue and Enterprise Services, DOES, cease activities, assets, debts, liabilities, winding up, process, termination. Different Types of New Jersey Certificate of Termination of Unit: 1. Corporation Certificate of Termination: This type of certificate is used to dissolve a corporation in New Jersey. It is filed with the DOES after completing all necessary shareholder and board resolutions, settling any pending legal matters, and liquidating the corporation's assets. 2. Limited Liability Company (LLC) Certificate of Termination: This certificate is specific to the termination of an LLC in New Jersey. It requires fulfilling all obligations outlined in the LLC's operating agreement, including the approval of all members, resolution of debts, and distribution of assets among members. 3. Partnership Certificate of Termination: Designed for terminating a partnership in New Jersey, this certificate necessitates a thorough dissolution process, including the settlement of all partnerships' debts, liquidation of assets, and the distribution of remaining funds among partners. 4. Limited Partnership Certificate of Termination: This certificate is applicable to limited partnerships in New Jersey. Its requirements are similar to a partnership certificate, including proper resolution of outstanding obligations and asset distribution among limited partners. 5. Nonprofit Organization Certificate of Termination: This type of certificate is used when dissolving a nonprofit organization in New Jersey. It involves liquidating assets, settling any remaining financial matters, and properly notifying the New Jersey Department of the Treasury Division of Taxation. By accurately completing the appropriate New Jersey Certificate of Termination of Unit, businesses and organizations can formalize the conclusion of their operations and ensure compliance with the state's legal requirements, offering clarity and closure for all involved parties.New Jersey Certificate of Termination of Unit is a legal document that officially terminates the existence of a business entity in the state of New Jersey. This certificate is typically filed with the New Jersey Division of Revenue and Enterprise Services (DOES) to dissolve or terminate the entity's operations. The Certificate of Termination of Unit signifies the completion of all necessary actions and obligations to cease the entity's activities, including the distribution of assets, final settlements, and resolution of any outstanding debts or liabilities. It is an important step in the process of winding up and dissolving a business entity. Keywords: New Jersey, Certificate of Termination of Unit, legal document, dissolve, terminate, business entity, New Jersey Division of Revenue and Enterprise Services, DOES, cease activities, assets, debts, liabilities, winding up, process, termination. Different Types of New Jersey Certificate of Termination of Unit: 1. Corporation Certificate of Termination: This type of certificate is used to dissolve a corporation in New Jersey. It is filed with the DOES after completing all necessary shareholder and board resolutions, settling any pending legal matters, and liquidating the corporation's assets. 2. Limited Liability Company (LLC) Certificate of Termination: This certificate is specific to the termination of an LLC in New Jersey. It requires fulfilling all obligations outlined in the LLC's operating agreement, including the approval of all members, resolution of debts, and distribution of assets among members. 3. Partnership Certificate of Termination: Designed for terminating a partnership in New Jersey, this certificate necessitates a thorough dissolution process, including the settlement of all partnerships' debts, liquidation of assets, and the distribution of remaining funds among partners. 4. Limited Partnership Certificate of Termination: This certificate is applicable to limited partnerships in New Jersey. Its requirements are similar to a partnership certificate, including proper resolution of outstanding obligations and asset distribution among limited partners. 5. Nonprofit Organization Certificate of Termination: This type of certificate is used when dissolving a nonprofit organization in New Jersey. It involves liquidating assets, settling any remaining financial matters, and properly notifying the New Jersey Department of the Treasury Division of Taxation. By accurately completing the appropriate New Jersey Certificate of Termination of Unit, businesses and organizations can formalize the conclusion of their operations and ensure compliance with the state's legal requirements, offering clarity and closure for all involved parties.
