NRA to Exit “Corrupt” New York, to Restructure in Texas after Bankruptcy   

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In a statement, NRA CEO & EVP Wayne LaPierre said, “This strategic plan represents a pathway to opportunity, growth, and progress. Obviously, an important part of this plan is ‘dumping New York.’ The NRA is pursuing reincorporating in a state that values the contributions of the NRA, celebrates our law-abiding members, and will join us as a partner in upholding constitutional freedom. This is a transformational moment in the history of the NRA.”

The NRA appointed Marchall Smith as Chief Restructuring Officer. Smith was a former Senior Vice President and General Counsel of 3M Company.

The gun-rights organization said it will continue its legal actions against Gov. Cuomo, Attorney General James, and the DFS. It claimed that they are attempting to “blacklist” the group and its financial partners, a violation of their First Amendment rights.

William A. Brewell III, the counsel for the gun-rights advocacy group said, “Under this plan, the Association wisely seeks protection from New York officials who it believes have illegally weaponized their powers against the NRA and its members.”

Reaction from Attorney General James

In response to the NRA’s plan, Attorney General James commented, “The NRA’s claimed financial status has finally met its moral status: bankrupt. While we review this filing, we will not allow the NRA to use this or any other tactic to evade accountability and my office’s oversight.”