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 Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the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 Oregon Certificate of Termination of Unit is an important legal document used to dissolve or terminate a specific business entity or organizational unit within the state of Oregon. This certificate serves as official proof that a particular unit or entity has been formally dissolved and is no longer active. The Oregon Secretary of State's office handles the filing and processing of the Certificate of Termination of Unit. The process of obtaining this certificate involves completing the necessary forms and submitting them along with the applicable filing fees. There are several types of Oregon Certificates of Termination of Unit, depending on the type of entity being dissolved. Some common types include: 1. Certificate of Termination of Limited Liability Company (LLC): This type of certificate is filed by LCS that wish to terminate their existence in Oregon. 2. Certificate of Termination of Corporation: Corporations seeking to dissolve their operations within Oregon need to file this specific certificate. 3. Certificate of Termination of Partnership: For partnerships that decide to cease operations in Oregon, the Certificate of Termination of Partnership is the appropriate form. 4. Certificate of Termination of Nonprofit Corporation: Nonprofit organizations accountable to the state's regulations can utilize this certificate to formally terminate their operations. 5. Certificate of Termination of Cooperative Corporation: This certificate is used by cooperative corporations who wish to dissolve their presence in Oregon. It is essential to accurately complete the required information within each certificate form. This typically includes providing the legal name of the entity, the effective date of termination, the reason for dissolution, and the signature of an authorized representative. Once the appropriate Certificate of Termination of Unit has been filed with the Oregon Secretary of State's office, it will be reviewed and processed. Upon approval, a stamped copy of the certificate will be returned to the entity or its representative, confirming the successful termination and dissolution of the unit. In summary, the Oregon Certificate of Termination of Unit is a crucial legal document used to dissolve various business entities or organizational units within the state. It is necessary to distinguish and utilize the correct type of certificate based on the nature of the entity seeking termination. Proper completion and submission of the required forms to the Oregon Secretary of State's office will conclude the dissolution process.The Oregon Certificate of Termination of Unit is an important legal document used to dissolve or terminate a specific business entity or organizational unit within the state of Oregon. This certificate serves as official proof that a particular unit or entity has been formally dissolved and is no longer active. The Oregon Secretary of State's office handles the filing and processing of the Certificate of Termination of Unit. The process of obtaining this certificate involves completing the necessary forms and submitting them along with the applicable filing fees. There are several types of Oregon Certificates of Termination of Unit, depending on the type of entity being dissolved. Some common types include: 1. Certificate of Termination of Limited Liability Company (LLC): This type of certificate is filed by LCS that wish to terminate their existence in Oregon. 2. Certificate of Termination of Corporation: Corporations seeking to dissolve their operations within Oregon need to file this specific certificate. 3. Certificate of Termination of Partnership: For partnerships that decide to cease operations in Oregon, the Certificate of Termination of Partnership is the appropriate form. 4. Certificate of Termination of Nonprofit Corporation: Nonprofit organizations accountable to the state's regulations can utilize this certificate to formally terminate their operations. 5. Certificate of Termination of Cooperative Corporation: This certificate is used by cooperative corporations who wish to dissolve their presence in Oregon. It is essential to accurately complete the required information within each certificate form. This typically includes providing the legal name of the entity, the effective date of termination, the reason for dissolution, and the signature of an authorized representative. Once the appropriate Certificate of Termination of Unit has been filed with the Oregon Secretary of State's office, it will be reviewed and processed. Upon approval, a stamped copy of the certificate will be returned to the entity or its representative, confirming the successful termination and dissolution of the unit. In summary, the Oregon Certificate of Termination of Unit is a crucial legal document used to dissolve various business entities or organizational units within the state. It is necessary to distinguish and utilize the correct type of certificate based on the nature of the entity seeking termination. Proper completion and submission of the required forms to the Oregon Secretary of State's office will conclude the dissolution process.
