(c) Except as otherwise provided in subsection (d) of this Section, for the
purposes of Section
302, property of the surviving partnership or limited partnership which before
the merger was
held in the name of another party to the merger is property held in the name of
the surviving
entity upon filing a statement of merger.
(d) For the purposes of Section 302, real property of the surviving
partnership or limited
partnership which before the merger was held in the name of another party to
the merger is
property held in the name of the surviving entity upon recording a certified copy of the statement
of merger in the office for recording transfers of that real property.
(e) A filed and, if appropriate, recorded statement of merger, executed and
declared to be
accurate pursuant to Section 105(c), stating the name of a partnership or
limited partnership that
is a party to the merger in whose name property was held before the merger and
the name of the
surviving entity, but not containing all of the other information required by
subsection (b) of this
Section, operates with respect to the partnerships or limited partnerships
named to the extent
provided in subsections (c) and (d).
(Source: P.A. 92-740, eff. 1-1-03.)
|