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 Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the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 Oklahoma Certificate of Termination of Unit is a legal document used to dissolve or terminate a unit in Oklahoma. This certificate is typically filed when a unit, such as a limited liability company (LLC), is no longer in operation or wishes to discontinue its existence. The Certificate of Termination of Unit is an important step in closing down a business entity and signifies the end of the company's legal existence in the state of Oklahoma. By filing this certificate, the company formally notifies the appropriate state authorities that it has ceased its operations and is no longer conducting business activities. This document provides critical information about the company, including its legal name, unit number, and the specific type of unit being terminated. Whether it is an LLC, a partnership, or another type of unit, each has its own unique requirements and procedures for termination. Apart from the general Certificate of Termination of Unit, there may be different types based on the legal structure of the unit being terminated. For instance: 1. Oklahoma Certificate of Termination of LLC: This document is specific to an LLC that wishes to terminate its operations. 2. Oklahoma Certificate of Termination of Partnership: This type of certificate is filed by partnerships when they decide to dissolve and wrap up their affairs. 3. Oklahoma Certificate of Termination of Corporation: This particular certificate is utilized by corporations located in Oklahoma to formally terminate their existence. Complying with the specific requirements outlined in each type of Certificate of Termination of Unit is crucial to ensure a smooth dissolution process. It is essential to accurately complete the relevant certificate form, pay any required fees, and submit the document to the appropriate state agency responsible for business entities, such as the Secretary of State. In summary, the Oklahoma Certificate of Termination of Unit is a legal document used to dissolve various types of business entities in Oklahoma, such as LCS, partnerships, and corporations. Filing the appropriate certificate is an essential step to formally terminate a unit's existence in compliance with state regulations.The Oklahoma Certificate of Termination of Unit is a legal document used to dissolve or terminate a unit in Oklahoma. This certificate is typically filed when a unit, such as a limited liability company (LLC), is no longer in operation or wishes to discontinue its existence. The Certificate of Termination of Unit is an important step in closing down a business entity and signifies the end of the company's legal existence in the state of Oklahoma. By filing this certificate, the company formally notifies the appropriate state authorities that it has ceased its operations and is no longer conducting business activities. This document provides critical information about the company, including its legal name, unit number, and the specific type of unit being terminated. Whether it is an LLC, a partnership, or another type of unit, each has its own unique requirements and procedures for termination. Apart from the general Certificate of Termination of Unit, there may be different types based on the legal structure of the unit being terminated. For instance: 1. Oklahoma Certificate of Termination of LLC: This document is specific to an LLC that wishes to terminate its operations. 2. Oklahoma Certificate of Termination of Partnership: This type of certificate is filed by partnerships when they decide to dissolve and wrap up their affairs. 3. Oklahoma Certificate of Termination of Corporation: This particular certificate is utilized by corporations located in Oklahoma to formally terminate their existence. Complying with the specific requirements outlined in each type of Certificate of Termination of Unit is crucial to ensure a smooth dissolution process. It is essential to accurately complete the relevant certificate form, pay any required fees, and submit the document to the appropriate state agency responsible for business entities, such as the Secretary of State. In summary, the Oklahoma Certificate of Termination of Unit is a legal document used to dissolve various types of business entities in Oklahoma, such as LCS, partnerships, and corporations. Filing the appropriate certificate is an essential step to formally terminate a unit's existence in compliance with state regulations.
