NRA to cut cord with N.Y.: Files for Chapter 11, will reincorporate in Texas

NRA to cut cord with N.Y.: Files for Chapter 11, will reincorporate in Texas
YouTube, NRA TV video

[Ed. – All stories are leading with the bankruptcy, but the organization says it’s not broke; it’s doing what it must to escape New York.  Frankly, I’d believe the NRA over either the state of New York or the media.]

The National Rifle Association on Friday 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.

The advocacy group said that 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.

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The NRA, which said it was not financially broke, filed for protection under Chapter 11 in U.S. Bankruptcy Court in Dallas.

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