NRA files for bankruptcy and seeks to incorporate in Texas

Jimbuna · 01-17-21, 06:16 AM

The National Rifle Association announced on Friday it has filed for bankruptcy. The nation’s most politically influential gun-rights group will now seek to incorporate in Texas instead of New York.

The announcement made on the NRA’s website came months after the New York state attorney general sued the organization over claims top executives illegally diverted tens of millions of dollars for lavish personal trips, no-show contracts for associates and other questionable expenditures.

The coronavirus pandemic has also upended the NRA, which last year laid off dozens of employees, canceled its national convention and scuttled fundraising.

The NRA claimed in announcing the move that it was “in its strongest financial condition in years”, as it filed for chapter 11 bankruptcy in a Dallas federal court.

“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,” a statement said.

The gun-rights group has about 5 million members. Headquartered in Virginia, it was chartered as a non-profit in New York in 1871 and is incorporated in the state.
https://www.theguardian.com/us-news/...texas-new-york

Platapus · 01-18-21, 10:23 AM

There is an estimated 100,000,000 gun owners in the USA. NRA membership represents about 5% of gun owners.

Buddahaid · 01-18-21, 11:18 AM

My late uncle from Texas was an avid hunter and gun collector. He disliked the NRA considerably.

Onkel Neal · 01-18-21, 11:31 AM

Not a fan of the NRA either, I strongly suspect many of the critics are correct, the NRA turned itself into a perks machine.

Still, knowing Biden is going to jam legislation into effect that could harm the country, what are the alternatives?

Platapus · 01-18-21, 11:34 AM

Quote:

Originally Posted by Buddahaid

My late uncle from Texas was an avid hunter and gun collector. He disliked the NRA considerably.

Even when I was shooting in competitions, I never felt the need to join the NRA.

It used to be a good organization.

nikimcbee · 01-19-21, 11:26 AM

Quote:

Originally Posted by Onkel Neal

Not a fan of the NRA either, I strongly suspect many of the critics are correct, the NRA turned itself into a perks machine.

Still, knowing Biden is going to jam legislation into effect that could harm the country, what are the alternatives?

Aktungbby · 01-19-21, 11:30 AM

Quote:

Originally Posted by Platapus

There is an estimated 100,000,000 gun owners in the USA. NRA membership represents about 5% of gun owners.

Quote:

Originally Posted by Onkel Neal

Not a fan of the NRA either, I strongly suspect many of the critics are correct, the NRA turned itself into a perks machine.

Still, knowing Biden is going to jam legislation into effect that could harm the country, what are the alternatives?

Quote:

Originally Posted by Platapus

Even when I was shooting in competitions, I never felt the need to join the NRA.

It used to be a good organization.

Precisely; the Right to arm bears should not be infringed by any organization...especially one intended for profit and lavish trips by its president.

Mr Quatro · 01-19-21, 11:48 AM

Graft and greed seem to be in the NRA like all other things that make money off of our emotions

nikimcbee · 01-19-21, 11:57 AM

Quote:

Originally Posted by Aktungbby

Precisely; the Right to arm bears should not be infringed by any organization...especially one intended for profit and lavish trips by its president.

It's some chick running it. Is it Pelosi?

Onkel Neal · 01-19-21, 05:17 PM

Quote:

Originally Posted by Mr Quatro

Graft and greed seem to be in the NRA like all other things that make money off of our emotions

Yep. Scammed again.

01-17-21, 06:16 AM	#1
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 181,132 Downloads: 63 Uploads: 13	NRA files for bankruptcy and seeks to incorporate in Texas The National Rifle Association announced on Friday it has filed for bankruptcy. The nation’s most politically influential gun-rights group will now seek to incorporate in Texas instead of New York. The announcement made on the NRA’s website came months after the New York state attorney general sued the organization over claims top executives illegally diverted tens of millions of dollars for lavish personal trips, no-show contracts for associates and other questionable expenditures. The coronavirus pandemic has also upended the NRA, which last year laid off dozens of employees, canceled its national convention and scuttled fundraising. The NRA claimed in announcing the move that it was “in its strongest financial condition in years”, as it filed for chapter 11 bankruptcy in a Dallas federal court. “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,” a statement said. The gun-rights group has about 5 million members. Headquartered in Virginia, it was chartered as a non-profit in New York in 1871 and is incorporated in the state. https://www.theguardian.com/us-news/...texas-new-york __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!! GWX3.0 Download Page - Donation/instant access to GWX (Help SubSim)

01-18-21, 10:23 AM	#2
Platapus Fleet Admiral Join Date: Oct 2006 Posts: 18,946 Downloads: 63 Uploads: 0	There is an estimated 100,000,000 gun owners in the USA. NRA membership represents about 5% of gun owners. __________________ abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right.

01-18-21, 11:18 AM	#3
Buddahaid Shark above Space Chicken Join Date: Jun 2008 Posts: 8,557 Downloads: 160 Uploads: 0	My late uncle from Texas was an avid hunter and gun collector. He disliked the NRA considerably. __________________ "However vast the darkness, we must provide our own light." Stanley Kubrick "Tomorrow belongs to those who can hear it coming." David Bowie

01-19-21, 11:48 AM	#8
Mr Quatro Navy Seal Join Date: May 2013 Posts: 6,772 Downloads: 0 Uploads: 0	Graft and greed seem to be in the NRA like all other things that make money off of our emotions __________________ pla•teau noun a relatively stable level, period, or condition a level of attainment or achievement Lord help me get to the next plateau ..

01-18-21, 11:31 AM	#4
Onkel Neal Born to Run Silent Join Date: Jan 1997 Location: Cougar Trap, Texas Posts: 21,284 Downloads: 534 Uploads: 224	Not a fan of the NRA either, I strongly suspect many of the critics are correct, the NRA turned itself into a perks machine. Still, knowing Biden is going to jam legislation into effect that could harm the country, what are the alternatives?