New York (CNN Business)The National Rifle Association of America, the nation's foremost gun lobby, has filed for voluntary bankruptcy, according court documents filed Friday in the Northern District of Texas.
The group plans to leave New York State, where it was founded in 1871, and reincorporate as a Texas nonprofit in a move it is calling "Project Freedom," according to a statement published Friday.
The Chapter 11 announcement follows leadership shakeups and allegations of financial mismanagement at the NRA in recent years
Link to story https://www.cnn.com/2021/01/15/business/nra-bankruptcy-new-york-texas/index.html
The group plans to leave New York State, where it was founded in 1871, and reincorporate as a Texas nonprofit in a move it is calling "Project Freedom," according to a statement published Friday.
The Chapter 11 announcement follows leadership shakeups and allegations of financial mismanagement at the NRA in recent years
Link to story https://www.cnn.com/2021/01/15/business/nra-bankruptcy-new-york-texas/index.html