Powerful gun lobby the National Rifle Association of America has filed for bankruptcy in the Northern District of Texas where it will reincorporate as a nonprofit, leaving New York State, where it was founded in 1871.In a bizarre statement Friday, the NRA, which has its physical headquarters in Fairfax, Va., said the plan “involves utilizing the protection of the bankruptcy court.” And it explained that the move will facilitate its exit from “a corrupt political and regulatory environment in New York.
The move will enable long-term, sustainable growth and ensure the NRA’s continued success as the nation’s leading advocate for constitutional freedom – free from the toxic political environment of New York.”Basically, the Association “is
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