Section 121-1104. Effect of merger or consolidation

When such merger or
  consolidation has been effected:
    (a) all the property, real and personal, tangible and  intangible,  of
  each  constituent  limited  partnership  shall  vest in the surviving or
  resulting limited partnership;
    (b) to the extent provided in the plan of merger or consolidation, the
  partners of each  constituent  limited  partnership  shall  continue  or
  become  partners  in the surviving or resulting limited partnership with
  such interest as the agreement of merger or consolidation shall provide;
    (c) the surviving or resulting limited partnership shall be liable for
  all debts, obligations, liabilities and penalties  of  each  constituent
  limited  partnership  as though each such debt, obligation, liability or
  penalty had been originally incurred  by  such  surviving  or  resulting
  limited partnership; and
    (d)  no action, suit or proceeding, civil or criminal, then pending by
  or against any such constituent limited partnership in its  common  name
  shall   abate   or   be   discontinued  by  reason  of  such  merger  or
  consolidation,  but  may  be  prosecuted  by  or  proceed  against  such
  surviving or resulting limited partnership.