National Rifle Association says it has filed for bankruptcy as part of restructuring [More]
Here is what they are telling their board:
So the board doesn't have to be consulted on this in advance or anything?
UPDATE: Looks like the handpicked rubberstampers just rolled right over for him:
UPDATE:
If the entire board (not the Executive Committee) did not vote on this, it appears that the Bylaws prohibits this bankruptcy filing. Can anyone fill in the blanks? pic.twitter.com/F7BS3JQdWS
— Tom Gresham (@Guntalk) January 16, 2021
1/17 UPDATES:
9 comments:
Instead they should just shut it all down. Sale everything. And make a giant donation to some organization that will actually go and fight for America's rights!
Hard to believe the board would not be involved, that LaPierre et al have carte blanche. Or is he setting the deal for presentation as fait accompli?
Noted stress on 'financially strong". So what benefit accrues to this (defensive) bankruptcy? Would call the office but would never get a response.
The result of decades with sleeping trustees and fingers in the till management.
At least they got rid of Chris Cox.
"If the entire board (not the Executive Committee) did not vote on this, it appears that the Bylaws prohibits this bankruptcy filing."
What, somebody actually expects any of the toys in NRA's toybox full of meat puppets to tell Wayne he can't do something?
Suits LaPew still needs to go
Jeff Knox has some pointed comments over at Ammoland.
Why would Wayne start asking the board for permission now? Has he ever asked them for permission before?
The fox is in charge of redesigning the chicken coop.
They didn't move to Texas. They will stay in their Fairfax palace.
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