NRA Files for Bankruptcy, Plans Move to Texas

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NRA Files for Bankruptcy, Plans Move to Texas

New York is not known for being the most gun-friendly state. In fact, it has some of the harshest restrictions in the country.

Now, The Empire State appears to be losing one of the country’s most pro-gun advocacy groups: the National Rifle Association.

NRA Moving to Texas

According to the NRA, it is “dumping New York” and “pursuing plans to reincorporate the NRA in Texas.”

This decision primarily comes from the need to leave the state of an attorney general who is determined to put them “out of business through an abuse of legal and regulatory power.”

It is important to note that the NRA “will continue the fight to protect your interests in New York — and all forums where the NRA is unlawfully singled out for its Second Amendment advocacy.”

This is an incredibly important moment in NRA history and involves all members.

waving colorful national flag of Texas state.

NRA Files for Bankruptcy

To pave the way for the strategic plan and further restructuring, the National Rifle Association has filed voluntary chapter 11 petitions in the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division.

This is often done by organizations to streamline legal and financial affairs.

It’s of note, however, that the NRA stated that it is “not ‘bankrupt’ or ‘going out of business.’ The NRA is not insolvent. We are as financially strong as we have been in years.”

Bankruptcy Law books with court gavel NRA

What This Means for Members

The National Rifle Association will continue to do what it has always done and confront anti-gun legislation while promoting constitutional advocacy to help law-abiding Americans.

The NRA has stated that its plans will not impact memberships at any level.

Members will keep full member benefits. The NRA will continue to publish magazines. Furthermore, the group will resume training Americans and teaching firearm/hunter safety.

With all these changes, the NRA believes that it is “now prepared for a better future.”

What do you think of this news from the National Rifle Association? Let us know in the comments section below!

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