| This scheme of liability is similar to that of an incoming |
partner under Section 306(b). Only the surviving partnership |
itself is liable for all obligations, including obligations |
incurred by every constituent party before the merger. A general |
partner of the surviving entity is personally liable for |
obligations of the surviving entity incurred before the merger by |
the partnership of which he was a partner and those incurred by |
the surviving entity after the merger. Thus, a general partner |
of the surviving entity is liable only to the extent of his |
partnership interest for obligations incurred before the merger |
by a constituent party of which he was not a general partner. |