NRA files for bankruptcy, says it will reincorporate in Texas

[friendly_iconoclast]

https://www.cnbc.com/2021/01/15/nra-files-for-bankruptcy-says-it-will-reincorporate-in-texas.html

WASHINGTON – The National Rifle Association said Friday that it has filed for bankruptcy in U.S. court as part of a larger restructuring plan aimed at moving to Texas after New York state had sought the organization’s dissolution for allegedly misappropriating funds.

The gun-rights advocacy group said it would restructure as a Texas nonprofit to exit from what it described as “a corrupt political and regulatory environment in New York,” where it is currently registered.

“The plan can be summed up quite simply: We are DUMPING New York, and we are pursuing plans to reincorporate the NRA in Texas,” wrote NRA CEO and executive vice president Wayne LaPierre, adding that the move will have “no major changes are expected to the NRA’s operations or workforce.”

In his statement Friday, LaPierre said that the NRA is not insolvent and the move to Texas would make the organization stronger. “We are as financially strong as we have been in years,” he said...

Good luck with that, pendejos!

[walkingman]

1. Just what we need, more morons in this State.

[Thomas Hurt]

2. Keeping the guy in charge, who rode it into the ditch, smart move there RWNJs

[ret5hd]

3. I don't think that will make the current legal issues disappear.

[kirby]

4. As a non-profit? WTF? Should not be permitted n/t

[C_U_L8R]

5. Pretty sneaky but it won't work

[Sneederbunk]

6. Unfortunately, it has more wads to shoot.