(CNN) — The National Rifle Association of America, the nation’s foremost gun lobby, has filed for voluntary bankruptcy in Texas, the organization said Friday.
The group said it plans to leave New York and reincorporate as a Texas nonprofit, in an move it is calling “Project Freedom.”
The NRA said it’s in its “strongest financial condition in years,” but the restructuring will help to “streamline costs and expenses.”
New York Attorney General Letitia James filed a lawsuit last summer accusing the NRA’s senior leadership of violating laws governing nonprofit groups and using millions of dollars from the organization’s reserves for personal use and tax fraud. James responded to the group’s bankruptcy announcement Friday, saying: “The NRA’s claimed financial status has finally met its moral status: bankrupt.”
™ & © 2021 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
Today’s Top Stories
- New dress guidelines announced for male missionaries — in some areas
- State parks hope to have new ‘glamping’ campsites available for busy Memorial Day weekend
- Second Amendment rally at state capitol to push back against new gun laws
- Utah’s number of deaths from COVID-19 jumps to 8
- Sergeant Joe Cyr, Salt Lake City Police Department
- Utah Utes let go of Coach K after 10 seasons
- Jazz fan gets “coolest injury ever” after Donovan Mitchell flies into third row
- What is coronavirus and Covid-19? An explainer
- “Blue Rally” gathers in downtown SLC to support law enforcement
- President Trump signs law naming Utah federal courthouse after former Sen. Hatch