Mission vs. Creditor Interests: Nonprofit Directors’ Fiduciary Duties
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Mission vs. Creditor Interests: Nonprofit Directors’ Fiduciary Duties
By Ryan Murphy, Shareholder, Fredrikson & Byron, P.A.
“The most useful and influential people in America are those who take the deepest interest in institutions that exist for the purpose of making the world better.”
What Booker T. Washington recognized in 1901 holds true today. More than 25 percent of adults volunteer...
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Ryan Murphy is a shareholder at Fredrikson & Byron, P.A., and chair of its Bankruptcy, Restructuring & Workouts department. He represents companies and individuals in Chapter 11 bankruptcies and workouts and also represents receivers, assignees, and other parties in receiverships and assignments for the benefit of creditors. Murphy is a past president of the TMA Minnesota Chapter and past chair of the Minnesota State Bar Association, Bankruptcy Section. Murphy can be contacted at RMurphy@fredlaw.com.
