richp Posted January 15, 2021 at 09:45 PM Share Posted January 15, 2021 at 09:45 PM https://www.cnbc.com/2021/01/15/nra-files-for-bankruptcy-says-it-will-reincorporate-in-texas.html Link to comment Share on other sites More sharing options...
BobPistol Posted January 15, 2021 at 09:51 PM Share Posted January 15, 2021 at 09:51 PM Will they actually move to Texas? Their current headquarters place them in the crosshairs of the LWW dominated state government of VA. Link to comment Share on other sites More sharing options...
EdDinIL Posted January 15, 2021 at 10:06 PM Share Posted January 15, 2021 at 10:06 PM Arfcom moved from NY to TX. If the NRA can pull it off, too, great. Hopefully the bankruptcy filing is just a shield against the laws and lawsuits in NY, but I'm also not a lawyer, so heck if I know how that all works. Link to comment Share on other sites More sharing options...
Euler Posted January 15, 2021 at 10:59 PM Share Posted January 15, 2021 at 10:59 PM Will they actually move to Texas? Their current headquarters place them in the crosshairs of the LWW dominated state government of VA. The article says it's keeping the HQ building in VA, which makes sense for lobbying. The NRA is incorporated in NY, though, so it's moving on paper from NY to TX. Link to comment Share on other sites More sharing options...
markthesignguy Posted January 15, 2021 at 11:27 PM Share Posted January 15, 2021 at 11:27 PM That witch: New York Attorney General Letitia James is gonna be strutting and cackling insufferably now. She "ran the NRA outta town!!", like it was a good thing. It ought to be a part of the final settlement, that SHE has to personally sign the check for damages - just like Chicago. EVEN if she is (insert favorite fantasy here) incarcerated for the massive civil rights damages she inflicted upon the members. Link to comment Share on other sites More sharing options...
2A4Cook Posted January 15, 2021 at 11:38 PM Share Posted January 15, 2021 at 11:38 PM Uncle Sniffy said he would defeat the NRA at the beginning of his term. He hasn't even been sworn in yet! Bongino's right, it's the Biden Magic! Link to comment Share on other sites More sharing options...
BobPistol Posted January 16, 2021 at 12:57 AM Share Posted January 16, 2021 at 12:57 AM The article says it's keeping the HQ building in VA, which makes sense for lobbying. Not really. It leaves them open to the LWW's in Virginia giving them problems. They should move at least next door to WV. Link to comment Share on other sites More sharing options...
Windermere Posted January 16, 2021 at 05:52 AM Share Posted January 16, 2021 at 05:52 AM So they found a way out of legal troubles in New York. Link to comment Share on other sites More sharing options...
Molly B. Posted January 16, 2021 at 03:57 PM Share Posted January 16, 2021 at 03:57 PM Here's a list of Q&As: https://www.nraforward.org/questionsanswers What did the NRA announce?This is a transformational moment for the NRA. We announced a new strategic plan called Project Freedom.The NRA’s new strategic plan involves pursuing reincorporating the Association from the State of New York to the State of Texas – home to more than 400,000 NRA members and site of the 2021 NRA Annual Meeting being held in Houston.The NRA’s restructuring plan also aims to help the NRA streamline costs and expenses, proceed with pending litigation in a coordinated and structured manner, and realize many financial and strategic advantages.We believe the restructuring plan positions our organization for the future – and ensures our continued success as the nation’s leading advocate for constitutional freedom. Is the NRA going “bankrupt?”No. In fact, this move comes at a time when the NRA is in its strongest financial condition in years.To facilitate its reorganization, the NRA and one of its subsidiaries filed voluntary chapter 11 petitions in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. The NRA is not insolvent.We expect no impacts to NRA programming.Nothing is more important to the NRA than protecting the Second Amendment rights of our law-abiding members. We will be as effective as ever in advocating for your rights, promoting firearms education and training, and engaging in public endeavors. What happens to my NRA membership?Nothing. Your membership remains intact.NRA supporters will continue to enjoy all their full member benefits – from new members to Life Members to Benefactor Members. We will continue to publish and deliver your magazines. We will continue to train Americans and teach them firearms safety. We will continue to teach hunter safety.But most importantly, we will continue to fight for your freedom as we have for all these years. In fact, we are expanding our national platform. Can people still join the NRA – and why should they?Absolutely! There could not be a more exciting time to join the NRA. We are expanding our national platform, and our future is bright and secure. We invite all law-abiding gun owners and all Americans to be part of it. Click here to JOIN NRA! By filing for chapter 11, is the NRA admitting it mismanaged donor funds?Not at all. We have utilized all donor contributions in furtherance of the NRA’s mission. This action is necessitated primarily by one thing: the unhinged and political attack against the NRA by the New York Attorney General.A restructuring plan is a proven mechanism for streamlining legal and business affairs. All membership fees and donations will continue to be used in furtherance of our Second Amendment advocacy. Can you guarantee member donations will be used to protect our Second Amendment rights? All donations are used for the purpose of advancing the NRA’s mission, period. Should I donate to the NRA during the chapter 11 process, or should I wait until the Association emerges from the restructuring process?We need your support now – as we confront a Biden Administration that has vowed to attack your Second Amendment freedoms. All donations are used in furtherance of our mission. Will there be impacts to endowed funds?No. Endowed funds will still be used to support the NRA’s core mission: protecting the Second Amendment. When will the restructuring process be completed?This process begins immediately. The NRA is expected to emerge from these proceedings within the next six months. What can I do to support the NRA?Join today. Promote our cause. Get fully engaged. We must continue to win the fight for constitutional freedom. Link to comment Share on other sites More sharing options...
richp Posted January 16, 2021 at 04:27 PM Author Share Posted January 16, 2021 at 04:27 PM I've been a Life Member for over 50 years, and will continue to support the NRA. (And yes, I'm not happy with their withdrawal of close staff support for Illinois.) But looking more broadly, there needs to be clarity for -- and if necessary accountability to -- the membership with respect to the allegations against NRA leadership. Unless and until that is done, I think a rocky road lies ahead for the organization. And I'm not sure how a corporate geographic move solves the legal problems pending in New York. Rich Phillips Link to comment Share on other sites More sharing options...
hceuterpe Posted January 16, 2021 at 06:03 PM Share Posted January 16, 2021 at 06:03 PM I've been a Life Member for over 50 years, and will continue to support the NRA. (And yes, I'm not happy with their withdrawal of close staff support for Illinois.) But looking more broadly, there needs to be clarity for -- and if necessary accountability to -- the membership with respect to the allegations against NRA leadership. Unless and until that is done, I think a rocky road lies ahead for the organization. And I'm not sure how a corporate geographic move solves the legal problems pending in New York. Rich Phillips It's one thing when anti-gunners toot their horns about corruption within the NRA because we all know they'll look for the smallest thing to latch on and criticize. It's a totally different (and far more legitimate cause for concern), with mass defections and resignations from the board and leadership positions from even notable individuals. Moving to TX simply keeps kicking the can down the road. The last straw for me was allegations that the parent organization raided the 501c3 non-profit NRA Foundation. And the IRS investigating LaPierre for tax fraud. Link to comment Share on other sites More sharing options...
BobPistol Posted January 16, 2021 at 08:09 PM Share Posted January 16, 2021 at 08:09 PM Is the NRA going “bankrupt?”No. In fact, this move comes at a time when the NRA is in its strongest financial condition in years. To facilitate its reorganization, the NRA and one of its subsidiaries filed voluntary chapter 11 petitions in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. I can't hear their words. Their actions scream too loud. They don't have to file chapter 11 to reorganize. So they're lying. Link to comment Share on other sites More sharing options...
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