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Posted on 05/11/2021 12:45:39 PM PDT by GIdget2004
The National Rifle Association cannot use bankruptcy to reorganize in gun-friendly Texas, a federal judge in Dallas ruled on Tuesday, handing a defeat to the influential firearms rights group that is facing an effort to dissolve it in New York state.
U.S. Bankruptcy Judge Harlin Hale's decision, following a trial over the legitimacy of the NRA's January bankruptcy filing, means the group will remain incorporated in New York.
Letitia James, New York's attorney general, had last August filed a lawsuit seeking the dissolution of the NRA, which she accused of corruption and misspending.
"The question the court is faced with is whether the existential threat facing the NRA is the type of threat that the Bankruptcy Code is meant to protect against," Hale wrote. "The court believes it is not."
(Excerpt) Read more at reuters.com ...
I thought it was more of a gadget play.
So now a court can tell an org where they may incorporate?
The NRA should consider the possibility of sending out fundraising letters.
If it’s incorporated in New York and they declare bankruptcy then it stands to reason it’ll play out in New York.
Texas is seceding any week now, right? So I can understand the judge’s view of this.
The NRA is the Liz Cheney of gun rights organizations. They don’t get a penny from me.
Yeah, I get several a month.
This Ping List is for all things pertaining to infringes upon or victories for the 2nd Amendment.
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What kind of nonsense is this? Another rat judge?
My wife was a bankruptcy attorney for almost 40 years, it has nothing to do with the Judge being a rat, it has to do with where were the debts incurred and where was the NRA located at the time of the debts....plus some states have exceptions to the Federal Bankruptcy Code.
For example Florida has an exemption where creditors can’t attack someone’s homestead, so what often happens is some rich New Yorker want to file bankruptcy and they take whatever capital they have left and purchase a house in Florida and declare that their residence...
The late Baseball Commissioner Bowie Kuhn did exactly that, he paid cash for a huge house in Florida, filed for bankruptcy in NY and was allowed to keep the house....
Harlin Hale clerked for a Rapin Bill “judge”, and was appointed in November 2002.
No branch or department of the federal government can be trusted.
Act accordingly.
5.56mm
The NRA could be squidgy at times. Let Gun Owners of American take over.
Remember when Lois Lerner got thrown in jail for illegally using the IRS to target conservatives .... of course you don't because she was allowed to do it with impunity.
OUR GOVERNMENT IS NOW OUR ENEMY.
We need to get the AG of Texas to make the same declaration against PP in an effort to destroy them. Why do R’s never go where the D’s have no problem going?
“existential threat”
There’s the appeal. Judge let slip who’s side he’s on.
Ha! If that was really the concern there would be lawsuits seeking the dissolution of thousands of New York based companies and organizations.
I personally can’t say what the NRA ever did for me.....
Not to mention the governments of NYS & NYC.
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