Someone I know for 50 years tells me that the NY State Attorney General is about to drop significant news tomorrow regarding their litigation against the NRA. As a reminder the NY State Attorney General's office is seeking to revoke the charter of he NRA which for all intents and purposes would be the end of the NRA. The NRA is chartered in NY and they only exist as an entity under NY law. I told him that I would believe it when I see it. Just passing it along to the forum. Tomorrow will be interesting in this regard.
Someone I know for 50 years tells me that the NY State Attorney General is about to drop significant news tomorrow regarding their litigation against the NRA. As a reminder the NY State Attorney General's office is seeking to revoke the charter of he NRA which for all intents and purposes would be the end of the NRA. The NRA is chartered in NY and they only exist as an entity under NY law. I told him that I would believe it when I see it. Just passing it along to the forum. Tomorrow will be interesting in this regard.
Normally, corporations choose the state where they wish to be chartered = if the NY guy does manage to revoke their charter, they can simply go elsewhere. They could make the move even before he does much more.
Someone I know for 50 years tells me that the NY State Attorney General is about to drop significant news tomorrow regarding their litigation against the NRA. As a reminder the NY State Attorney General's office is seeking to revoke the charter of he NRA which for all intents and purposes would be the end of the NRA. The NRA is chartered in NY and they only exist as an entity under NY law. I told him that I would believe it when I see it. Just passing it along to the forum. Tomorrow will be interesting in this regard.
If the allegations contained in the complaint are true then there will be significant criminal exposure to those involved.
yup
God bless Texas----------------------- Old 300 I will remain what i am until the day I die- A HUNTER......Sitting Bull Its not how you pick the booger.. but where you put it !! Roger V Hunter
Would have thought they would have reorganized to a DE or other better business state long ago. NY is a chitty place to register. Corrupt as all get out
-OMotS
"If memory serves fails me..." Quote: ( unnamed) "been prtty deep in the cooler todaay "
Television and radio are most effective when people question little and think even less.
It's not that simple. What the NY AG is trying to do under NY Business Corporation Law is a death sentence for the NRA. There is no moving to another state. It will cease to exist and it's assets will be liquidated in order to pay debt and restitution. If there's anything left after that the proceeds will be turned over to similar tax exempt organizations that advocate for gun rights. A judge might even remove the current leadership and appoint a receiver during this fight.
The NRA will certainly fight this but they will run out of money quickly given the inability to raise funds during this process.
Over my lifetime I’ve seen a lot of things come and go. Take for instance presidents. Some real bad like , LBJ, Carter and Obama. Some great like Reagan and Trump. And some mediocre. Leaders of company’s and organizations are the same. It will be a sad day if the NRA folds. The liberals will have won. Hasbeen
hasbeen (Better a has been than a never was!)
NRA Patron member Try to live your life where the preacher doesn't have to lie at your funeral
It's not that simple. What the NY AG is trying to do under NY Business Corporation Law is a death sentence for the NRA. There is no moving to another state. It will cease to exist and it's assets will be liquidated in order to pay debt and restitution. If there's anything left after that the proceeds will be turned over to similar tax exempt organizations that advocate for gun rights. A judge might even remove the current leadership and appoint a receiver during this fight.
The NRA will certainly fight this but they will run out of money quickly given the inability to raise funds during this process.
I’ve read other opinions on this that mirrored exactly what you are saying here.
The New York scenario will have to play itself out in its entirety.
Then, once played out there in New York, a totaly new organization would have to emerge in another state if not in New York again.
WLP may have some explaining to do.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
I’m going to bet Wayne and company have completely busted the NRA at this point. Hope they put his head on a pike. Wayne has rode the NRA horse into the dirt. Other gun rights organizations have been fighting while the NRA has been fleecing gun owners for the last decade at least.
‘TO LEARN WHO RULES OVER YOU, SIMPLY FIND OUT WHO YOU ARE NOT ALLOWED TO CRITICIZE’
Conspiracy theorists are the ones who see it all coming…
