NRA files for bankruptcy, says it will reincorporate in Texas
PUBLISHED FRI, JAN 15 20214:18 PM ESTUPDATED FRI, JAN 15 20219:06
The National Rifle Association filed for bankruptcy protection as part of a restructuring plan aimed at moving the influential gun rights group to Texas.
The filing comes six months after New York state’s attorney general filed a lawsuit seeking to dissolve the NRA for allegedly misappropriating funds.
AG General Letitia James accuses the organization’s leadership of diverting millions for their own personal use, resulting in a $64 million loss to the NRA.