NY AG To NRA: You Can’t Escape Me With Bankruptcy

The New York Times reports:

Seeking an end-run around an investigation by the New York attorney general, the National Rifle Association said Friday that it was declaring bankruptcy and would reincorporate in Texas. The gun group was set up in New York after the Civil War.

The group’s effort to circumvent New York’s legal jurisdiction raised immediate questions from Letitia James, the New York attorney general and a Democrat, who is seeking to use her regulatory authority to dissolve the N.R.A. She has been conducting an investigation into corruption at the gun group since 2019.

“The N.R.A.’s claimed financial status has finally met its moral status: bankrupt,” Ms. James said in a statement Friday. “While we review this filing, we will not allow the N.R.A. to use this or any other tactic to evade accountability and my office’s oversight.”

Read the full article.

The NRA, under investigation in New York, is declaring bankruptcy so it can leave the state and reincorporate in Texas. https://t.co/7sRcC4L2dj

— The New York Times (@nytimes) January 15, 2021

The @NRA's claimed financial status has finally met its moral status: bankrupt.

While we review its bankruptcy filing, we will not allow the @NRA to use this or any other tactic to evade accountability and my office’s oversight.

— NY AG James (@NewYorkStateAG) January 15, 2021