Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

NRA files for bankruptcy, says it will reincorporate in Texas
CNBC ^ | 1-15-21 | Staff

Posted on 01/15/2021 1:30:18 PM PST by Anti-Bubba182

This is breaking news. Please check back for updates.

(Excerpt) Read more at cnbc.com ...


TOPICS: Front Page News; News/Current Events; US: New York; US: Texas
KEYWORDS: 2ndamendment; banglist; bankruptcy; newyork; nra; nrabankrupcy; secondamendment; texas
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 121-123 next last
To: Anti-Bubba182; All

https://www.nraforward.org/?fbclid=IwAR09b7-3Wwrir_ObVNwSRJDqVTEtQXCnqxRU9WPnw2NvnfGzk6kFmZLNTgs


21 posted on 01/15/2021 1:53:16 PM PST by rellimpank (--don't believe anything the media or government says about firearms or explosives--)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mabarker1
Are they going to be moving the Museum out of VA ?

No! Northam said: "All your firearms are belong to us." /snark

22 posted on 01/15/2021 1:53:26 PM PST by Perseverando (Antifa, BLM, RINO's, Islamonazis, Statists, Communists, DemoKKKrats: It's a Godlessness disorder!)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Anti-Bubba182
This is part a restructuring.

Do you know what real restructuring means?

It means getting rid of high-pay CEOs who aren't true believers in the cause and hiring someone with heart and soul who is so committed he's willing to work for a basic stipend.

I have never believed the highest paid were the best and the brightest. They're there because they know of the play the CEO shuffle.

Stop putting money chasers in charge.

Higher someone with passion who believes in the cause and not someone looking for perks and payouts.

23 posted on 01/15/2021 1:54:05 PM PST by yesthatjallen
[ Post Reply | Private Reply | To 1 | View Replies]

To: Anti-Bubba182
Rename it to NRB until that gets canceled, then NRC etc.
I think it might be a good idea to relocate before Biden (or whoever controls his strings) gets their hands on the membership list.

24 posted on 01/15/2021 1:56:02 PM PST by BitWielder1 (I'd rather have Unequal Wealth than Equal Poverty.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: CarmichaelPatriot

Sorry, but wrong. A company or organization can’t evade state liability by switching legal domicile.


25 posted on 01/15/2021 1:56:28 PM PST by Ponce de Leon County (Ad maiorem Dei gloriam )
[ Post Reply | Private Reply | To 4 | View Replies]

To: Anti-Bubba182

‘Bout time they stopped trying to feed the alligators up there. Trump suggested this to them and it’s a good thing they listened. Texas is and will always remain a Gun State, A Free State.


26 posted on 01/15/2021 1:57:18 PM PST by Texas Hostage in a Blue State
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perseverando

So what’s your point?

After being granted a charter by the state of New York on November 17, 1871, the NRA was founded. Since then, the NRA has operated as a New York-registered 501(c)(4) not-for-profit, charitable corporation. Under state law not-for-profit, charitable corporations are required to register and file annual financial reports with the Charities Bureau in the Office of the Attorney General (OAG).


27 posted on 01/15/2021 1:57:48 PM PST by Brown Deer (America First!)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Ponce de Leon County
A company or organization can’t evade state liability by switching legal domicile.

but they can, by filing bankruptcy and starting over.
28 posted on 01/15/2021 1:59:33 PM PST by Brown Deer (America First!)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Brown Deer

A company or non-profit does just get to declare bankruptcy and walk away from liabilities. A trustee will be appointed by court to recover assets and to supervise management. If fraud was perpetrated a court will remove management altogether. Corporate bankruptcy is not a blank check.


29 posted on 01/15/2021 2:04:06 PM PST by Ponce de Leon County (Ad maiorem Dei gloriam )
[ Post Reply | Private Reply | To 28 | View Replies]

To: Anti-Bubba182

Wayno bought one too many suits?


30 posted on 01/15/2021 2:08:30 PM PST by moovova
[ Post Reply | Private Reply | To 1 | View Replies]

To: Anti-Bubba182

Why not just move to WV and move the headquarters here also?


31 posted on 01/15/2021 2:09:37 PM PST by jdietz (Bad decisions make for good stories later in life.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: usconservative

If it weren’t for the NRA of the past 50 years, you wouldn’t own your gun today.
Nobody asked you to join.
Keep riding for free.


32 posted on 01/15/2021 2:10:16 PM PST by skimbell
[ Post Reply | Private Reply | To 15 | View Replies]

To: Anti-Bubba182

That was my first thought. If the NRA wants to survive it has to move to a friendly climate. And that would be Texas among other red states.

I do not see this as a downside.


33 posted on 01/15/2021 2:11:12 PM PST by redfreedom (Member of Agent Orange Health Club Since 1969)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Perseverando

Sorry — I was implying that NoVA, the liberal hole of Virginia, is essentially the same as NY these days.


34 posted on 01/15/2021 2:11:21 PM PST by AnglePark
[ Post Reply | Private Reply | To 18 | View Replies]

To: Brown Deer
So what’s your point?

Yes, I wasn't aware of the fact that the NRA was incorporated in New York. Thank you for sharing that. Maybe you could post a few pictures from that era.

My personal favorite fact about the NRA is that they helped Mark Warner get over the hump to become Governor of Virginia and later he became one of the U.S Senators from Virginia

35 posted on 01/15/2021 2:11:35 PM PST by Perseverando (Antifa, BLM, RINO's, Islamonazis, Statists, Communists, DemoKKKrats: It's a Godlessness disorder!)
[ Post Reply | Private Reply | To 27 | View Replies]

Do you recall the 2010 Tea Party wave in which the NRA started endorsing Anti-2A Democrats over Pro 2A Republicans?

I do.


36 posted on 01/15/2021 2:11:45 PM PST by AlmaKing
[ Post Reply | Private Reply | To 31 | View Replies]

To: yesthatjallen

Higher should be hire.


37 posted on 01/15/2021 2:12:22 PM PST by yesthatjallen
[ Post Reply | Private Reply | To 23 | View Replies]

To: Anti-Bubba182
The NRA is being investigated by the New York State AG. The NRA tried once already to move their incorporation out of the state of New York, but a judge refused because it was seen as a ploy to avoid being investigated by the NY AG.

I doubt that declaring bankruptcy will change the judge's mind about moving their charter out of the state.

38 posted on 01/15/2021 2:12:43 PM PST by Yo-Yo (is the /sarc tag really necessary?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Meatspace

If they relocate to Texas, the CEO will not need any fancy suits on his expense account. /#irritated


39 posted on 01/15/2021 2:13:16 PM PST by ptsal (Vote R.E.D. >>>Remove Every Democrat ***)
[ Post Reply | Private Reply | To 8 | View Replies]

To: mabarker1

“Are they going to be moving the Museum out of VA ?”

It will be moved, yes. If not by the NRA, then the cancel culture crowd will move it to the landfill after it’s destroyed.


40 posted on 01/15/2021 2:13:19 PM PST by redfreedom (Member of Agent Orange Health Club Since 1969)
[ Post Reply | Private Reply | To 16 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 121-123 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson