Washington Declaration of Dissolution of Unit

• Category: Oil Gas and Minerals - Pooling and Unitization
• State: Multi-State
• Control #: US-OG-373
• Format: Word; Rich Text

Description

This declaration form is used for the purpose of providing notice that the purpose for which the Unit was formed no longer exists and the Unit is deemed to be dissolved and the Designation of Unit no longer in effect. The Washington Declaration of Dissolution of Unit is a legal document that serves the purpose of officially terminating the existence or functional unity of a particular entity based in Washington. It involves a formal acknowledgment and procedure for dissolving a unit, such as a business, organization, or partnership. This declaration outlines the specific details and steps required to dissolve the unit, ensuring a proper and lawful conclusion to its activities. Keywords: Washington, declaration of dissolution, unit, legal document, terminating, existence, functional unity, entity, dissolving, business, organization, partnership, details, steps, proper, lawful, conclusion, activities. There are various types of Washington Declarations of Dissolution of Unit, each tailored to the specific nature of the unit being dissolved. Here are some common types: 1. Business Dissolution: This type of declaration applies to corporations, limited liability companies (LCS), sole proprietorship, or other business structures registered in Washington State. The declaration provides a legal framework to formally dissolve the business, settling debts, distributing assets, and notifying relevant stakeholders. 2. Nonprofit Organization Dissolution: Nonprofit organizations in Washington must follow specific guidelines when dissolving. The Washington Declaration of Dissolution of Unit for nonprofit organizations requires the submission of relevant documents, including a plan for winding down operations, distributing remaining assets, and notifying the Attorney General's Charities Program. 3. Partnership Dissolution: When partners decide to end their partnership, they must file a Washington Declaration of Dissolution of Unit for partnerships. This declaration details the agreed dissolution terms, including the division of assets and liabilities among partners, settling outstanding obligations, and informing customers and other interested parties. 4. Cooperative Dissolution: Cooperatives, including agricultural cooperatives, credit unions, or housing cooperatives, require a Washington Declaration of Dissolution of Unit tailored to their specific cooperative framework. This declaration ensures an equitable distribution of cooperative assets, payment of debt obligations, and adherence to legal requirements. 5. Trust or Estate Dissolution: In cases where a trust or estate unit must be dissolved in Washington, a specific declaration is used. This document outlines the process of distributing trust assets, paying off debts and taxes, and closing the trust or estate in compliance with Washington State laws. In summary, the Washington Declaration of Dissolution of Unit is a legal instrument that provides a formal framework to dissolve various entities in Washington State, including businesses, partnerships, nonprofits, cooperatives, trusts, and estates. Each type of declaration is tailored to the specific requirements relevant to the dissolution of the respective unit.

The Washington Declaration of Dissolution of Unit is a legal document that serves the purpose of officially terminating the existence or functional unity of a particular entity based in Washington. It involves a formal acknowledgment and procedure for dissolving a unit, such as a business, organization, or partnership. This declaration outlines the specific details and steps required to dissolve the unit, ensuring a proper and lawful conclusion to its activities. Keywords: Washington, declaration of dissolution, unit, legal document, terminating, existence, functional unity, entity, dissolving, business, organization, partnership, details, steps, proper, lawful, conclusion, activities. There are various types of Washington Declarations of Dissolution of Unit, each tailored to the specific nature of the unit being dissolved. Here are some common types: 1. Business Dissolution: This type of declaration applies to corporations, limited liability companies (LCS), sole proprietorship, or other business structures registered in Washington State. The declaration provides a legal framework to formally dissolve the business, settling debts, distributing assets, and notifying relevant stakeholders. 2. Nonprofit Organization Dissolution: Nonprofit organizations in Washington must follow specific guidelines when dissolving. The Washington Declaration of Dissolution of Unit for nonprofit organizations requires the submission of relevant documents, including a plan for winding down operations, distributing remaining assets, and notifying the Attorney General's Charities Program. 3. Partnership Dissolution: When partners decide to end their partnership, they must file a Washington Declaration of Dissolution of Unit for partnerships. This declaration details the agreed dissolution terms, including the division of assets and liabilities among partners, settling outstanding obligations, and informing customers and other interested parties. 4. Cooperative Dissolution: Cooperatives, including agricultural cooperatives, credit unions, or housing cooperatives, require a Washington Declaration of Dissolution of Unit tailored to their specific cooperative framework. This declaration ensures an equitable distribution of cooperative assets, payment of debt obligations, and adherence to legal requirements. 5. Trust or Estate Dissolution: In cases where a trust or estate unit must be dissolved in Washington, a specific declaration is used. This document outlines the process of distributing trust assets, paying off debts and taxes, and closing the trust or estate in compliance with Washington State laws. In summary, the Washington Declaration of Dissolution of Unit is a legal instrument that provides a formal framework to dissolve various entities in Washington State, including businesses, partnerships, nonprofits, cooperatives, trusts, and estates. Each type of declaration is tailored to the specific requirements relevant to the dissolution of the respective unit.