NRA Leaving New York for Texas as Part of Bankruptcy Restructuring

Wayne LaPierre, Executive Vice President of the National Rifle Association, addresses the Conservative Political Action Conference at the Gaylord National Resort and Convention Center February 24, 2017 in National Harbor, Maryland. Hosted by the American Conservative Union, CPAC is an annual gathering of right wing politicians, commentators and their supporters. …
Win McNamee/Getty Images

The National Rifle Association (NRA) announced Friday that it is leaving New York to reincorporate in Texas.

The NRA announced the move via Twitter:

NRA executive vice president Wayne LaPierre released a letter about the move, which opened by saying, “Today, the NRA announced a restructuring plan that positions us for the long-term and ensures our continued success as the nation’s leading advocate for constitutional freedom – free from the toxic political environment of New York.”

He continued: “We are DUMPING New York, and we are pursuing plans to reincorporate the NRA in Texas.”

LaPierre noted that the plan includes filing Chapter 11 bankruptcy:

To facilitate the strategic plan and restructuring, the NRA and one of its subsidiaries have filed voluntary chapter 11 petitions in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. As you may know, chapter 11 proceedings are often utilized by businesses, nonprofits and organizations of all kinds to streamline legal and financial affairs.

He then concluded:

What’s most important is leading the fight for Second Amendment freedom and serving our members. We will do that from anywhere that works best for you and for our cause.

All membership dues and financial donations will be fully dedicated to supporting our operations and public advocacy. This plan actually improves our business. It protects us from costly, distracting and unprincipled attacks from anti-2A politicians aimed at attacking the NRA because we are a potent political force. We know that the gun ban lobby will never stop – fueled by a hatred of your freedoms and by wealthy benefactors. Our plan is the best way to confront them.

We are now prepared for a better future. In fact, to me, it feels like the dawn of a new day.

We are revitalized, well-positioned, and steadfast in our commitment to fight for you.

AWR Hawkins is an award-winning Second Amendment columnist for Breitbart News and the writer/curator of Down Range with AWR Hawkinsa weekly newsletter focused on all things Second Amendment, also for Breitbart News. He is the political analyst for Armed American Radio. Follow him on Twitter: @AWRHawkins. Reach him at [email protected]. You can sign up to get Down Range at breitbart.com/downrange.

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