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 Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the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 Michigan Certificate of Termination of Unit is a legal document that signifies the termination or dissolution of a specific unit within an organization. This certificate is often required in Michigan when a unit is no longer active or needs to be disbanded. It serves as official proof that the unit has been properly dissolved and all necessary steps have been taken to close its operations. When filing for a Michigan Certificate of Termination of Unit, it is essential to include relevant details such as the name of the unit, the reason for termination, and the effective date of dissolution. This information helps the authorities and other stakeholders understand the situation clearly. In the state of Michigan, there can be various types of Certificates of Termination of Unit, each catering to specific scenarios: 1. Michigan Certificate of Termination of Business Unit: This type of certificate is used when a business unit or division within a company needs to be terminated. It ensures that all legal requirements, such as filing dissolution documents with the appropriate state agencies and settling any outstanding liabilities, have been fulfilled. 2. Michigan Certificate of Termination of Nonprofit Organization Unit: Nonprofit organizations often have multiple units or projects. When one of these units reaches the end of its purpose or is no longer feasible to continue, a Certificate of Termination must be filed to formally dissolve that specific unit. 3. Michigan Certificate of Termination of Government Unit: Government entities may establish units or departments to handle different functions. When one of these units is to be terminated due to restructuring, consolidation, or other reasons, a Certificate of Termination is required to document the process. Regardless of the type, a Michigan Certificate of Termination of Unit is a crucial document that provides legal clarity and closure to the termination process. It ensures that all parties involved can move forward confidently, knowing that the unit in question has been properly dissolved according to the state's regulations and requirements.
