Court Asks Whether Deceased Partner's Estate Can Demand Business's Liquidation for True Value

Business Valuation Update BVLaw
Legal and Court Case Update
May 12, 1999

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judicial dissolution
Creel v. Lilly
729 A.2d 385,1999 Md. LEXIS 249
US
State Court
Maryland
Supreme Court
Chasanow

Summary

The issue in this case is whether Maryland's Uniform Partnership Act (UPA) allows the estate of a deceased partner to demand liquidation of the assets of the partnership in order to ascertain the value of the business.

See Also

Creel v. Lilly

Full Text of Court Cases
May 12, 1999

At issue is whether or not the estate of a deceased partner can demand liquidation of partnership assets in order to arrive at the true value of the business.