The NRA has filed for Chapter 11 bankruptcy as the gun rights advocacy group announced major structural changes.
The National Rifle Association’s decision follows shortly after the NY Attorney General sued the organization and accused its leaders of diverting millions of dollars generated through their non-profit mission for personal use. Attempting to dismantle the association, AG Letitia James previously insisted that the NRA should be dissolved after years of alleged corruption.
In a bid to cut all ties with New York for good, the NRA has filed for bankruptcy under Chapter 11 as part of their restructuring plan that will see the organization move to Texas where some 400,000 of their members are based.
In a shocking statement, the NRA revealed they have filed for bankruptcy to “dump” New York and “reincorporate in Texas.”
“Texas values the contributions of the NRA, celebrates our law-abiding members, and joins us as a partner in upholding constitutional freedom,” CEO Wayne LaPierre expressed in a letter to the association’s members.
“We seek protection from New York officials who illegally abused and weaponized the powers they wield against the NRA and its members.”
In a statement, LaPierre also confirmed that filing for bankruptcy is a part of the NRA’s strategic plan to break free from New York.
“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,” he insisted.
“This is a transformational moment in the history of the NRA.”
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Replaced!