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 Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the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.
Maine Certificate of Termination of Unit is a legal document used to dissolve or terminate a limited liability company (LLC) in the state of Maine. This certificate is filed with and approved by the Maine Secretary of State's office. The purpose of the certificate is to formally notify the state that the LLC is no longer conducting business and to legally put an end to its existence. Keywords: Maine Certificate of Termination, Termination of Unit, Limited Liability Company, LLC, dissolve, terminate, Maine Secretary of State's office, conducting business, end, existence. There are different types of Maine Certificates of Termination of Unit based on the various circumstances under which an LLC might terminate. The following are some types of termination certificates that can be filed in Maine: 1. Voluntary Dissolution: This type of termination occurs when the members or owners of an LLC voluntarily decide to end the company's operations. The LLC can file a Maine Certificate of Termination of Unit with the Secretary of State's office to legally dissolve the company. 2. Administrative Dissolution: If an LLC fails to maintain compliance with state regulations such as filing annual reports or paying taxes, the Secretary of State's office may administratively dissolve the company. In this case, the LLC can file a Maine Certificate of Termination of Unit to formally terminate the entity. 3. Judicial Dissolution: This type of termination happens when a court orders the dissolution of an LLC due to legal disputes or other issues. The court may require the LLC to file a Maine Certificate of Termination of Unit as part of the dissolution process. 4. Foreign LLC Termination: If an LLC was formed in a different state but wishes to terminate its business activities in Maine, it must file a Maine Certificate of Termination of Unit as a foreign LLC. It is crucial to note that the specific requirements and procedures for filing a Maine Certificate of Termination of Unit may vary depending on the type of termination and the circumstances of the LLC's dissolution. It is advisable to consult with legal professionals or the Maine Secretary of State's office for accurate guidance on the filing process.
