Yes, nonprofits do have to play by many of the same rules for-profits have. This is the lesson learned today when a Texas bankruptcy court is holding the NRA accountable for trying to relocate to Texas from Virginia recognizing that it is incorporated in New York - a state where the AG has serious issues with the organization. Bankruptcy like the Roman Catholic Church and Boy Scouts is not inherently a "get out of jail card free" although the Boy Scouts are still needing to learn this lesson. But it is viewed this way and while the board may have been left out of the bankruptcy maneuver by the NRA exec. the board still has some liability given it claims to not have "gotten the memo". Of course if that were the case and they are only now finding out, why not a firing? Poor excuse doesn't begin to describe the situation.
So, the NRA will have to dig into its coffers even more, again, not unlike the Roman Catholic Church and the Boy Scouts. And all of this is righteous, that the organizations and their boards should bear some responsibility and cost for misdeeds. It is not acceptable that an organization can "screw" people be it sexually or financially and get away with the deed although it does appear to be the case for some people who shall be nameless but live in a Southern state with the Mexican Gulf on one side and the Atlantic on the other.
Here's a yahoo finance article about the NRA's court loss yesterday.