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
5699 Miscellaneous Apparel and Accessory Stores
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judicial dissolution

Creel v. Lilly
729 A.2d 385,1999 Md. LEXIS 249
State Court
Supreme Court


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

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.