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 Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the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.
Travis Texas Certificate of Termination of Unit is a legal document that officially terminates the existence of a business entity or nonprofit organization in Travis County, Texas. This certificate serves as proof that the unit entity has dissolved or ceased operation in compliance with the state's regulatory requirements. It is an essential step in closing the books of the organization and wrapping up all legal obligations. The Travis Texas Certificate of Termination of Unit must include specific details about the unit entity, such as the name of the organization, its registered agent, and the date of dissolution. The certificate also requires information regarding the decision to terminate, including the approval by shareholders, directors, or members and compliance with any internal governance guidelines or legal provisions. Additionally, the certificate might require additional documentation, such as a final tax return or clearance from government agencies. There are different types of Travis Texas Certificates of Termination of Unit, depending on the type of business entity being dissolved. Some common types include: 1. Travis Texas Certificate of Termination of Corporation: This certificate is used to dissolve a corporation, whether it is a profit or nonprofit entity. It involves a comprehensive process to ensure all debts, liabilities, and legal obligations are accounted for and resolved. 2. Travis Texas Certificate of Termination of Limited Liability Company (LLC): This certificate is specific to terminating a limited liability company (LLC) based in Travis County, Texas. It includes details about the LLC's members, managers, and any additional requirements set forth by the Texas Secretary of State. 3. Travis Texas Certificate of Termination of Partnership: This certificate is utilized when terminating a partnership in Travis County, Texas. It documents the dissolution of the partnership, including details about the partners and the agreed-upon terms of termination. It is crucial to consult an attorney or seek legal advice when filing a Travis Texas Certificate of Termination of Unit to ensure compliance with all relevant laws and regulations. The process can involve various complexities and specific requirements based on the type of unit being dissolved.Travis Texas Certificate of Termination of Unit is a legal document that officially terminates the existence of a business entity or nonprofit organization in Travis County, Texas. This certificate serves as proof that the unit entity has dissolved or ceased operation in compliance with the state's regulatory requirements. It is an essential step in closing the books of the organization and wrapping up all legal obligations. The Travis Texas Certificate of Termination of Unit must include specific details about the unit entity, such as the name of the organization, its registered agent, and the date of dissolution. The certificate also requires information regarding the decision to terminate, including the approval by shareholders, directors, or members and compliance with any internal governance guidelines or legal provisions. Additionally, the certificate might require additional documentation, such as a final tax return or clearance from government agencies. There are different types of Travis Texas Certificates of Termination of Unit, depending on the type of business entity being dissolved. Some common types include: 1. Travis Texas Certificate of Termination of Corporation: This certificate is used to dissolve a corporation, whether it is a profit or nonprofit entity. It involves a comprehensive process to ensure all debts, liabilities, and legal obligations are accounted for and resolved. 2. Travis Texas Certificate of Termination of Limited Liability Company (LLC): This certificate is specific to terminating a limited liability company (LLC) based in Travis County, Texas. It includes details about the LLC's members, managers, and any additional requirements set forth by the Texas Secretary of State. 3. Travis Texas Certificate of Termination of Partnership: This certificate is utilized when terminating a partnership in Travis County, Texas. It documents the dissolution of the partnership, including details about the partners and the agreed-upon terms of termination. It is crucial to consult an attorney or seek legal advice when filing a Travis Texas Certificate of Termination of Unit to ensure compliance with all relevant laws and regulations. The process can involve various complexities and specific requirements based on the type of unit being dissolved.
