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 the firm’s Bankruptcy, Restructuring & Workouts department. He represents companies in Chapter 11 bankruptcies and workouts, and receivers, assignees, and other parties in receiverships and assignments for the benefit of creditors (ABCs). Murphy recently served as president of the TMA Minnesota Chapter and chair of the Minnesota State Bar Association, Bankruptcy Section. He can be contacted at 612-492-7310 or RMurphy@fredlaw.com.