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by srothstein
Thu Aug 06, 2020 2:53 pm
Forum: National Rifle Association
Topic: NY attorney general seeks to dissolve NRA
Replies: 30
Views: 16279

Re: NY attorney general seeks to dissolve NRA

If I understand this correctly, and if I assume her investigation can prove its allegations, the NY AG is alleging that the NRA was the victim of embezzlement by some of its top leaders. As punishment for the organization being a victim, they are going to dissolve it. Somehow, while this sounds like the actions of certain political groups, it makes no sense to me.

Does anyone know what happens to a corporation's assets when the charter is dissolved by the state that chartered it? I can see how the NRA can be dissolved as an organization if NY revokes the charter, but what happens to the assets? Could the same group of people who are its current members form a new group with the assets by filing for a new charter in another state?

Also, what would happen if the NRA decided to move its charter to another state? Since I don't think she can win this lawsuit, I think it would be entirely appropriate fr the NRA to move its charter to another state anyway, just as I think many gun manufacturers should move out of anti-gun states.

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