New Mexico Notice of Operating Agreement

• Category: Oil Gas and Minerals - Notices
• State: Multi-State
• Control #: US-OG-353
• Format: Word; Rich Text

Description

This form is a Notice that Operator and Nonoperators, entered into an Operating Agreement which covers lands described in the notice. A New Mexico Notice of Operating Agreement is a legal document used by limited liability companies (LCS) operating in the state of New Mexico. It serves as a formal notification to the New Mexico Secretary of State and other interested parties that an LLC has an operating agreement in place. The purpose of this Notice of Operating Agreement is to establish the terms and conditions under which the LLC will be operated, including the rights and responsibilities of its members. It outlines key information about the LLC, such as its name, principal place of business, and the names and addresses of its members. In New Mexico, there are several types of Notice of Operating Agreements that can be filed depending on the specific circumstances of the LLC: 1. Initial Notice of Operating Agreement: This type is filed by newly-formed LCS to inform the New Mexico Secretary of State that they have adopted an operating agreement and are officially establishing themselves as an LLC. 2. Amended Notice of Operating Agreement: LCS may file this type of notice when they need to make changes to their existing operating agreement. This could include amendments to provisions such as member rights, profit allocation, or decision-making processes. 3. Restated Notice of Operating Agreement: When an LLC wants to consolidate all of its previous operating agreement amendments into a single document, they file a restated notice. This provides a clear and comprehensive version of the LLC's operating agreement. 4. Cancellation of Notice of Operating Agreement: If an LLC decides to dissolve or terminate its operations, they file this notice to formally notify the Secretary of State and other stakeholders that the LLC's operating agreement is no longer in effect. It is important for LCS operating in New Mexico to file the appropriate type of Notice of Operating Agreement accurately and on time. Failure to do so may result in potential legal complications and the loss of certain legal protections afforded to LCS. Overall, a New Mexico Notice of Operating Agreement is a vital legal document that LCS must file to disclose the existence of their operating agreement, ensuring transparency and compliance with state regulations.

A New Mexico Notice of Operating Agreement is a legal document used by limited liability companies (LCS) operating in the state of New Mexico. It serves as a formal notification to the New Mexico Secretary of State and other interested parties that an LLC has an operating agreement in place. The purpose of this Notice of Operating Agreement is to establish the terms and conditions under which the LLC will be operated, including the rights and responsibilities of its members. It outlines key information about the LLC, such as its name, principal place of business, and the names and addresses of its members. In New Mexico, there are several types of Notice of Operating Agreements that can be filed depending on the specific circumstances of the LLC: 1. Initial Notice of Operating Agreement: This type is filed by newly-formed LCS to inform the New Mexico Secretary of State that they have adopted an operating agreement and are officially establishing themselves as an LLC. 2. Amended Notice of Operating Agreement: LCS may file this type of notice when they need to make changes to their existing operating agreement. This could include amendments to provisions such as member rights, profit allocation, or decision-making processes. 3. Restated Notice of Operating Agreement: When an LLC wants to consolidate all of its previous operating agreement amendments into a single document, they file a restated notice. This provides a clear and comprehensive version of the LLC's operating agreement. 4. Cancellation of Notice of Operating Agreement: If an LLC decides to dissolve or terminate its operations, they file this notice to formally notify the Secretary of State and other stakeholders that the LLC's operating agreement is no longer in effect. It is important for LCS operating in New Mexico to file the appropriate type of Notice of Operating Agreement accurately and on time. Failure to do so may result in potential legal complications and the loss of certain legal protections afforded to LCS. Overall, a New Mexico Notice of Operating Agreement is a vital legal document that LCS must file to disclose the existence of their operating agreement, ensuring transparency and compliance with state regulations.