The NRA's attempt at declaring bankruptcy in its bid to leave New York state for Texas has been dismissed, putting the Second Amendment rights organization at risk of "complete and total shutdown" by New York's attorney general.
The NRA filed for Chapter 11 bankruptcy in January, explaining in a news release that its aim was to "restructure the Association as a Texas nonprofit to exit what it believes is a corrupt political and regulatory environment in New York."
Months earlier, New York Attorney General Letitia James (D) sued the organization in an attempt to dissolve it entirely over allegations of fraud and misuse of donor funds.
NRA at risk of 'complete and total shutdown' after judge dismisses bankruptcy case
- by: Breck Dumas
- 2021-05-11
- Source:
The Blaze
- 05/12/2021
