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 Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the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 Mississippi Certificate of Termination of Unit is an official document that signifies the dissolution or termination of a particular unit, such as a business, corporation, or partnership, within the state of Mississippi. This legal certificate serves as proof that a unit has been successfully terminated and its operations have ceased. A Mississippi Certificate of Termination of Unit contains various essential details relevant to the termination process. These details include the name of the unit, its former registered address, the effective date of termination, and the reason for dissolution. Additionally, the certificate may also require the signatures of all owners, partners, or officers involved in the unit, further validating the decision and making it legally binding. While there are not specifically different types of Mississippi Certificates of Termination of Unit, the document may vary depending on the type of unit being terminated. For instance, a business entity, such as a corporation or limited liability company (LLC), will follow a distinct procedure and require specific information for the certificate. On the other hand, partnerships and other types of units may have different requirements and regulations to be fulfilled during the termination process. Keywords: Mississippi, Certificate of Termination of Unit, dissolution, termination, business, corporation, partnership, legal certificate, proof, operations, ceased, registered address, effective date, reason for dissolution, owners, partners, officers, decision, legally binding, business entity, limited liability company, LLC, partnerships, requirements, regulations.
