NRA Declares Bankruptcy, Plans to Incorporate in Texas

The National Rifle Association announced 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.

  • Published 15 January 2021
Image via Associated Press

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

AUSTIN, Texas (AP) — 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…

Read at AP News