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Anne Creel, Personal Representative of the Estate of Joseph Creel v. Arnold R. Lilly, Individually and d/b/a Good Ole Boys Racing et al. -- No. 77, 1998 Term PARTNERSHIPS -- Uniform Partnership Act -- Estate of deceased partner is not entitled to demand liquidation of assets to arrive at true value of the partnership business.

Circuit Court for Charles County Case # CV 95-2110 & CV 95-2067

IN THE COURT OF APPEALS OF MARYLAND No. 77 September Term, 1998 ________________________________________

ANNE CREEL, PERSONAL REPRESENTATIVE OF THE ESTATE OF JOSEPH CREEL v. ARNOLD R. LILLY, INDIVIDUALLY AND d/b/a GOOD OLE BOYS RACING et al.

________________________________________ Bell, C. J. Eldridge Rodowsky Chasanow Raker Wilner Cathell JJ. _______________________________________ Opinion by Chasanow, J. ________________________________________ Filed: May 12, 1999

The primary issue presented in this appeal is whether Maryland's Uniform Partnership Act (UPA), Maryland Code (1975, 1993 Repl. Vol., 1998 Supp.), Corporations and Associations Article,

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Maryland Law