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 Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the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.
Montana Certificate of Termination of Unit
State:
Multi-State
Control #:
US-OG-735
Format:
Word;
Rich Text
Instant download
Description
How to fill out Certificate Of Termination Of Unit?
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FAQ
(1) The department may issue a tax certificate, referred to as a "Title 15 Certificate," to a domestic corporation or limited liability company (LLC) that has been involuntarily dissolved by the Montana Secretary of State (MSOS) if the business has filed all required tax returns and reports and has paid all taxes, ...
To terminate your domestic LLC in Montana, you must provide the completed Articles of Termination for a Limited Liability Company form to the Secretary of State by mail, fax or in person, along with the filing fee.
The first is voluntary dissolution, which is an elective decision to dissolve the entity. A second is involuntary dissolution, which occurs upon the happening of statute-specific events such as a failure to pay taxes. Last, a corporation may be dissolved judicially, either by shareholder or creditor lawsuit.
There are 3 main ways a company can be dissolved ? administratively, voluntarily, and judicially.
This means that the corporation still operates regardless of ownership withdrawal or death. There are two types of dissolution: voluntary and involuntary. Voluntary dissolution first requires a vote by the board of directors to approve.
Corporate dissolution can come about in a number of different ways, either voluntarily or involuntarily. To voluntarily dissolve a company, the owner or shareholders can file a Notice of Dissolution with the Secretary of State or as ordered by the court after a vote.
Modes of dissolution A corporation may be dissolved voluntarily or involuntarily. Voluntary dissolution could be done by (1) shortening the corporate term, (2) filing a request for dissolution (where no creditors are affected), and (3) filing a petition for dissolution (where creditors are affected).
Involuntary Dissolution is the result of an administrative action taken by the filing office or tax administrator in a state. The company is generally notified of the impending dissolution and after a specified period of time is marked inactive on the filing offices records.
