NRA declares bankruptcy, plans to incorporate in Texas
The announcement made on the NRA's website comes months after New York’s attorney general sued the organization over claims that top executives illegally diverted tens of millions of dollars for lavish personal trips, no-show contracts for associates and other questionable expenditures.
Share:
More Stories
1:56
Sunny skies and warm temps for Saturday in the Hudson Valley
1h ago0:17
Yorktown police sergeant celebrates final walkout following 2 decades of service
1h ago0:32
Veteran firefighter who suffered stroke receives warm welcome home
1h ago0:38
Multimillion-dollar transformation on the way for sections of Hudson Valley
1h ago2:10
Boar’s Head deli meat recalled for potential listeria contamination
1h ago1:48
Unique art experience featuring mannequins to return to Rockland
2h ago1:56
Sunny skies and warm temps for Saturday in the Hudson Valley
1h ago0:17
Yorktown police sergeant celebrates final walkout following 2 decades of service
1h ago0:32
Veteran firefighter who suffered stroke receives warm welcome home
1h ago0:38
Multimillion-dollar transformation on the way for sections of Hudson Valley
1h ago2:10
Boar’s Head deli meat recalled for potential listeria contamination
1h ago1:48
Unique art experience featuring mannequins to return to Rockland
2h ago
The National Rifle Association announced Friday it has filed for bankruptcy and will seek to incorporate the nation’s most politically influential gun-rights group in Texas instead of New York.
The announcement made on the NRA's website comes months after New York’s attorney general sued the organization over claims that top executives illegally diverted tens of millions of dollars for lavish personal trips, no-show contracts for associates and other questionable expenditures.
The coronavirus pandemic has also upended the NRA, which last year laid off dozens of employees, canceled its national convention and scuttled fundraising. Still, the NRA claimed in announcing the move that the organization was “in its strongest financial condition in years.”
The NRA said it filed for Chapter 11 bankruptcy in a Dallas federal court.
“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 NRA said in a statement.
The gun-rights group boasts about 5 million members. Though headquartered in Virginia, the NRA was chartered as a nonprofit in New York in 1871 and is incorporated in the state.
(Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.)
