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 Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the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 Indiana Certificate of Termination of Unit is a legal document used in Indiana to dissolve an incorporated limited liability company (LLC). It serves as confirmation that the LLC has officially ceased its existence and terminated its operations. The Certificate of Termination of Unit can be filed with the Indiana Secretary of State to complete the dissolution process. This essential document includes a comprehensive set of information pertaining to the LLC's termination. The required details typically include the full name of the LLC, its identification number, the date on which the dissolution was authorized, and the reason for termination. Keywords: Indiana, Certificate of Termination of Unit, dissolved, incorporated limited liability company, LLC, Secretary of State, cessation of existence, termination, operations, dissolution process, full name, identification number, authorized, reason for termination. In Indiana, there may be several types of Certificates of Termination of Unit. These variations depend on the specific circumstances of the dissolution. Some possible types include: 1. Voluntary Dissolution: A Certificate of Termination of Unit for a voluntary dissolution is filed when the LLC members or managers decide to dissolve the company willingly. It may occur due to various reasons, such as the achievement of stated goals, retirement of members, or a change in business circumstances. 2. Involuntary Dissolution: An Involuntary Dissolution Certificate of Termination of Unit is filed when an LLC's dissolution is forced upon it by external factors. This may happen when the LLC fails to comply with legal requirements, such as filing annual reports and paying taxes. 3. Administrative Dissolution: When an LLC fails to maintain compliance with state regulations or neglects to file necessary documents, the Indiana Secretary of State has the authority to initiate an administrative dissolution. An Administrative Dissolution Certificate of Termination of Unit is filed in such cases. 4. Judicial Dissolution: In certain situations where a dispute arises among the LLC members or managers, a court may order the dissolution of the company. A Judicial Dissolution Certificate of Termination of Unit is submitted to reflect the legal termination. Regardless of the type of termination, it is crucial to properly complete and file the Indiana Certificate of Termination of Unit to ensure the dissolution is legally recognized. Consulting with an attorney or seeking professional guidance during the process is highly recommended ensuring compliance with all necessary procedures and requirements.
