At the NRA Annual Meeting, a letter from organization president Oliver North was read aloud before the gathered members and leadership in which he cited a "clear crisis" at the organization and stated that he has been "informed" that he will not be receiving the board's endorsement for a second term.

"Please know I hoped to be with you today as NRA president endorsed for reelection. I'm now informed that that will not happen," he said in the statement, which was read to the assembled by Richard Childress, a vice president with the NRA.

North said he was approached by board members as president who were concerned about amounts of money being paid by the NRA to outside groups, and stated that there were allegations of financial mismanagement by 'senior NRA officers. "If true, the NRA non-profit status is threatened."

North, in the letter, says he created a special management committee to look into it, and explained in a memo to the executive committee earlier this week his reason for doing so: There is a clear crisis that needs to be dealt with immediately and responsibly so the NRA can continue to focus on protecting our Second Amendment."

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The below video from Twitter is lower quality than the above, but continues through more of the letter.

This week, NRA's chief executive, Wayne LaPierre wrote his own letter to the board, in which he accused North of trying to force him out. The letter, also published at the Wall Street Journal, LaPierre said North's message was "resign or there will be destructive allegations made" against both him and the NRA.

"I believe our Board and devoted members will see this for what it is: a threat meant to intimidate me and divide us," he wrote.

The NRA even took a shot at North this week when amending a civil complaint in their ongoing battle with long-term NRA ad agency Ackerman Queen.

North's term as president of the organization ends on Monday.