The National Rifle Association filed for Chapter 11 bankruptcy on Friday as part of a restructuring plan.

In a bid to leave “a corrupt political and regulatory environment in New York,” where Attorney General Letitia James filed a lawsuit to dissolve the NRA, the gun rights group aims to restructure as a Texas nonprofit organization.

Recommended Stories

With Exxon, NRA probes, New York’s Democrats are trying to rule people who never got to vote against them

Former NRA executive admits wrongdoing in New York civil corruption case

Bob Barr elected to lead NRA