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 Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the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.
Nebraska Certificate of Termination of Unit is a legal document that allows for the dissolution and termination of a unit in the state of Nebraska. This certificate is typically filed with the Nebraska Secretary of State's office when a unit or organization is no longer active or wishes to dissolve its existence. The Nebraska Certificate of Termination of Unit serves as an official record to document the completion of all necessary steps required by law to terminate the unit's activities. It includes essential details such as the name of the unit, its business or purpose, and the date of the termination. The filing of this certificate confirms the finality of the unit's dissolution and termination. Keywords: Nebraska, Certificate of Termination, Unit, dissolution, termination, legal document, Secretary of State, official record, completion, necessary steps, law. There are different types of Nebraska Certificate of Termination of Unit, based on the specific nature of the unit or organization that is being terminated. Some common types include: 1. Business Entity Termination: This certificate is filed by corporations, limited liability companies (LCS), partnerships, or other types of business entities operating in Nebraska when they decide to dissolve and cease their operations. 2. Nonprofit Organization Termination: Nonprofit organizations such as charities, foundations, or associations file this certificate when they wish to formalize the termination of their organization due to various reasons, such as a lack of funding or changes in their mission. 3. Co-operative Termination: Co-operatives or cooperative associations operating in Nebraska file this certificate to dissolve themselves as a cooperative entity, often resulting from financial instability or changing market conditions. 4. Unit Termination under Nebraska Uniform Limited Partnership Act: This type of certificate is specific to limited partnerships regulated by the Nebraska Uniform Limited Partnership Act. It is submitted to terminate the existence of the limited partnership in compliance with the relevant laws and regulations. 5. Unit Termination under Nebraska Revised Uniform Limited Liability Company Act: Limited liability companies (LCS) governed by the Nebraska Revised Uniform Limited Liability Company Act file this certificate to formally cease their activities and dissolve their LLC status. It is important to consult legal professionals or the Nebraska Secretary of State's office to determine the specific type and requirements for the Nebraska Certificate of Termination of Unit based on individual circumstances and legal obligations.
