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NRA files for bankruptcy, says it will reincorporate in Texas



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Guns are displayed inside a store on June 17, 2016 in Lake Barrington, Illinois.Scott Olson | Getty ImagesWASHINGTON – The National Rifle Association on Friday filed for bankruptcy protection as part of a restructuring plan aimed at moving the influential gun rights group to Texas.The filing comes six months after New York state’s attorney general filed a lawsuit seeking to dissolve the NRA for allegedly misappropriating funds.The advocacy group said that it would restructure as a Texas nonprofit to exit from what it described as “a corrupt political and regulatory environment in New York,” where it is currently registeredThe NRA, which …

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