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 Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the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 South Dakota Certificate of Termination of Unit is a legal document used to dissolve a limited liability company (LLC) or a limited partnership (LP). This certificate serves as proof that the entity has formally terminated its operations and releases the members or partners from any further liabilities associated with the business. When filing a South Dakota Certificate of Termination of Unit, there are two main types that can be chosen based on the organizational structure of the company: LLC Certificate of Termination and LP Certificate of Termination. 1. South Dakota LLC Certificate of Termination: The LLC Certificate of Termination is utilized when dissolving a limited liability company in South Dakota. This document formally ends the existence of the LLC and provides important details such as the LLC's name, the date of termination, and the reason for termination. Additionally, it includes information about the LLC's registered agent, members, and any additional requirements specific to the situation. Keywords: South Dakota LLC, Certificate of Termination, limited liability company, dissolve, termination, formal, existence, registered agent, members. 2. South Dakota LP Certificate of Termination: On the other hand, the LP Certificate of Termination is used to dissolve a limited partnership in South Dakota. Similar to the LLC Certificate of Termination, this document declares the termination of the LP and includes essential information such as the LP's name, date of termination, reason for termination, and any specific requirements. Keywords: South Dakota LP, Certificate of Termination, limited partnership, dissolve, termination, declaration, essential information, date of termination, specific requirements. It is important to note that accurate and complete information must be provided when filing the South Dakota Certificate of Termination of Unit to ensure the legal dissolution of an entity.
