NRA files for bankruptcy, plans to restructure
The National Rifle Association announced plans to restructure the organization Friday which will involve filing for Chapter 11 bankruptcy and incorporating in Texas.
A statement from the association Friday said it will restructure itself as a Texas nonprofit in order to "exit what it believes is a corrupt political and regulatory environment in New York."
The NRA said that the move is not related to its financial standing, adding that it is "in its strongest financial condition in years."
The organization said its day-to-day operations will remain unchanged.
Click here to read the full statement.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Ascension Parish starts New River Bayou dredging project
Jury selection begins for former sheriff's office employee tied to sex abuse...
Fans share their excitement about new LSU head coach Brian Kelly
New LSU coach Brian Kelly arrives in Baton Rouge
Coach Brian Kelly arrives at his new office: LSU football HQ