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Home Politics

National Rifle Association Planning to Move to Texas

Gun Industry Advocate Group Seeks Bankruptcy Protection

by Vincent Elegbeleye
May 16, 2022
in News, Politics
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National Rifle Association Planning to Move to Texas

National Rifle Association Credit - Yahoo News

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The National Rifle Association is planning to move to Texas. The gun industry’s chief advocate, said Friday that it was leaving New York for Texas and would seek bankruptcy protection.

Although the gun industry advocate is based in Fairfax, Virginia, however, the organization has operated as a New York-registered nonprofit since its founding in 1871.

The NRA denounced New York’s government and the justice system in a statement, saying the state has a “toxic political environment.” The group will explore moving part of its operations to Texas, the NRA said.

National Rifle Association Plans to Move from New York to Texas
President Donald Trump and Wayne LaPierre               Credit -Dailymail

The planned actions, including a Chapter 11 bankruptcy filing in Texas, come five months after the state Attorney General of  New York, Letitia James filed a civil suit seeking to dissolve the association, and accused executives of using millions of NRA dollars for personal uses, including private-jet travel, trips to places including the Bahamas and pricey meals.

The NRA countered with its own suit against the attorney general, Gov. Andrew Cuomo and others for allegedly attempting to “blacklist” the group.

“The NRA’s claimed financial status has finally met its moral status: bankrupt,” James said in a statement Friday. “While we review this filing, we will not allow the NRA to use this or any other tactic to evade accountability and my office’s oversight.”

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Shannon Watts, founder of gun-safety group Moms Demand Action, said in a statement, “The NRA can try to run from its years of deception, decadence, and self-dealing, but it can’t hide.”

NRA chief executive Wayne LaPierre, named in the attorney general’s lawsuit, blamed the state of New York for the numerous problems of the non-profit organization. 

National Rifle Association Plans to Move from New York to Texas
Letitia James, New York Attorney General                Credit – Associated Press

“Obviously, an important part of this plan is ‘dumping New York,'” LaPierre said in a statement. “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.”

“The NRA abandons a state where elected officials have weaponized the legal and regulatory powers they wield to penalize the Association and its members for purely political purposes,” the NRA said.

Oliver North, the retired Marine lieutenant colonel who became the NRA’s president in 2018, stepped down in 2019 following the allegation of financial improprieties at the association.

His departure revealed an internal power struggle between North and LaPierre.

Saying it’s in its strongest financial shape in years, the NRA said Friday it would seek court approval to incorporate as a nonprofit in Texas, where 400,000 of its claimed 5 million members reside, according to the NRA.

The organization plans to undergo restructuring “to streamline costs and expenses,” according to its statement.

 

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Tags: AmericaGov. Andrew CuomoLetitia JamesNational Rifle AssociationNew YorkNew York Attorney GeneralNewsTexasWayne LaPierre
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Vincent Elegbeleye

Vincent Elegbeleye

Vincent Elegbeleye is a believer in the power of storytelling and journalism. A facilitator of global enlightenment and knowledge. An entrepreneur at heart and a global citizen. He is the Executive Editor and Publisher at Morganable, where he provides editorial leadership, strategic direction and publishing insight on journalism, public affairs and digital media.

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