The National Rifle Association announced that it intends to restructure as a nonprofit based in Texas and has filed for Chapter 11 bankruptcy protections.
“The move will enable long-term, sustainable growth and ensure the NRA’s continued success as the nation’s leading advocate for constitutional freedom — free from the toxic political environment of New York,” the gun advocacy group said in a statement Friday.
The NRA added that it has been incorporated in New York for approximately 150 years.
“This strategic plan represents a pathway to opportunity, growth and progress,” NRA CEO Wayne LaPierre said in a statement. “Obviously, an important part of this plan is ‘dumping New York.’ The NRA is pursuing reincorporating in a state that values the contributions of the NRA, celebrates our law-abiding members, and will join us as a partner in upholding constitutional freedom.”
LaPierre dubbed the decision Friday a “transformational moment in the history of the NRA.”
The move comes after the NRA was sued by New York Attorney General Letitia James last August in a bid to dissolve the group.
James accused the NRA of an array of “illegal conduct,” according to a press release at the time describing the suit, including “[the] diversion of millions of dollars away from the charitable mission of the organization for personal use by senior leadership, awarding contracts to the financial gain of close associates and family, and appearing to dole out lucrative no-show contracts to former employees in order to buy their silence and continued loyalty.”
The NRA has filed a counterclaim, calling the initial suit politically motivated.
James on Friday responded to the bankruptcy news in a statement, saying, “The NRA’s claimed financial status has finally met its moral status: bankrupt.”
CLICK HERE FOR FULL ARTICLE ON YAHOO NEWS
Comments
more recommended stories
Invasion and massive destruction of mangroves in Chicxulub PuertoInhabitants of Chicxulub Puerto ask to.
Title 42 has empowered U.S. agents to turn back over one million migrants to Mexico and other countriesFor thousands of migrants who have.
Progreso Marinas report an increase of up to 30 percent in port departuresYucatan commercial marinas reported an increase.
Environmental Impact studies for the Maya Train will be submitted for public consultationThe Environmental Impact Statement (MIA) of.
The Jurassic Trail aims to be an economic trigger for the port of ProgresoThe Jurassic Trail continue with the.
Merida coachmen and UADY Veterinary school sign agreement in favor of horsesFor the eighth year, the Union.
Three Things The Maya Taught Us – And We ForgotBetween 250 and 1500 AD, the.
Influenza season ends with six deaths in YucatanThe 2021-2022 seasonal influenza season concluded.
Bull escapes and injures a seven-year-old boy in Espita YucatánOn Friday May 20th, a bull.
Due to excessively expensive municipal operating licenses, tourists and locals were left without beer in Progreso, YucatanAfter all the Six beer agencies.
Leave a Comment