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Although headquartered in Fairfax, Virginia, the NRA is registered as a 501(c)(4) not-for-profit corporation in New York. The group has said it was hoping to use bankruptcy to restructure its operations and shift its nonprofit registration from New York to Texas, where it believed its mission would be more welcome. But the judge said in his ruling that the organization does not need bankruptcy protection to move its nonprofit registration.
New York s attorney general Tuesday hailed the judge s decision. The reality is the rot runs deep, James said on a conference call. There are ongoing and lingering issues of secrecy and lack of transparency.
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NRA Ch. 11 Is Bid To Keep Stranglehold On Org, NY AG Says
Law360 (April 5, 2021, 7:07 PM EDT) The New York attorney general s office argued Monday that the National Rifle Association s Chapter 11 was filed in bad faith, telling a Texas bankruptcy judge that the organization s leadership deceived its board of directors and made the filing to duck regulatory actions by the Empire State.
During the first day of a trial over multiple parties motion to dismiss the bankruptcy case, Assistant Attorney General Monica Connell said in opening arguments that NRA Executive Vice President Wayne LaPierre hid his intention to move the organization into bankruptcy in Texas from the board, and did so to maintain what she called a.