NRA Files for Bankruptcy | Complex
Written by SOURCE on January 15, 2021
The National Rifle Association has filed for chapter 11 bankruptcy protection.
The gun rights advocacy group announced the news Friday, stating the move was part of a restructuring plan that will come with “many financial and strategic advantages.” The statement goes on to say that the association will leave New York, which it describes as a “corrupt political and regulatory environment,” for Texas, where there are more than 400,000 NRA members.
“This strategic plan represents a pathway to opportunity, growth and progress,” NRA CEO and EVP Wayne LaPierre said in a press release. “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. This is a transformational moment in the history of the NRA.”
This story is being updated.
