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NRA declares bankruptcy, plans to incorporate in Texas

The announcement comes months after New York’s attorney general sued the organization over claims that executives illegally diverted tens of millions of dollars.

(Jose Luis Magana | AP file photo) National Rifle Association Executive Vice President and CEO Wayne LaPierre speaks at Conservative Political Action Conference, CPAC 2020, at the National Harbor, in Oxon Hill, Md., on Feb. 29, 2020. The National Rifle Association announced Friday, Jan. 15, 2021, it has filed for bankruptcy and will seek to incorporate the nation’s most politically influential gun-rights group in Texas instead of New York.