The National Rifle Association’s annual meeting in 2019 in Indiana. The NRA filed for Chapter 11 bankruptcy Friday, saying it aims to reincorporate as a nonprofit in Texas and leave New York, where the state has filed a fraud suit against it.

National Rifle Association Executive Vice President Wayne LaPierre speaks at the NRA Annual Meeting of Members in Indianapolis, Saturday, April 27, 2019. On Saturday, retired Lt. Col. Oliver North has announced that he will not serve a second term as president of the NRA amid inner turmoil in the gun-rights group. (AP Photo/Michael Conroy)