US gun lobby NRA declares bankruptcy, plans to incorporate in Texas

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AP
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1610761698751233500
Sat, 2021-01-16 05:59

AUSTIN, Texas: The National Rifle Association announced Friday it has filed for bankruptcy protection and will seek to incorporate the nation’s most politically influential gun-rights group in Texas instead of New York.
The announcement came months after New York’s attorney general sued the organization over claims that top executives illegally diverted tens of millions of dollars for lavish personal trips, no-show contracts for associates and other questionable expenditures.

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