10.__General effect of merger or consolidation.__A merger or consolidation has the following effects.

A. The limited partnerships or other business entities that are parties to the merger or consolidation agreement become a single entity, which in the case of a merger is the limited partnership or other business entity designated in the plan of merger as the survivor and in the case of a consolidation is the resulting limited partnership or other business entity provided for in the plan of consolidation.

B.__The separate existence of each party to the merger or consolidation agreement, except for the surviving or resulting limited partnership or other business entity ceases.

C.__The surviving or resulting limited partnership or other business entity possesses all the rights, privileges, immunities, powers and franchises of each constituent limited partnership or other business entity and is subject to all the restrictions, disabilities and duties of each of the parties to the extent that those rights, privileges, immunities, powers, franchises, restrictions, disabilities and duties are applicable.

D.__All property, real, personal and mixed; all debts due, including promises to make capital contributions and subscriptions for shares or interests; all other choses in action; and all other interests of or belonging to or due to each of the constituent entities vest in the surviving or resulting limited partnership or other business entity without further act or deed.

E.__The title to all real estate and any interests in real estate vested in a constituent limited partnership or other business entity do not revert and are not in any way impaired by reason of the merger or consolidation.

F.__The surviving or resulting limited partnership or other business entity is liable for all liabilities and obligations of each of the constituent limited partnerships or other business entities so merged or consolidated and any claim existing or action or proceeding pending by or against a constituent limited partnership or other business entity may be prosecuted as if the merger or consolidation had not taken place or the surviving or resulting limited