National Rifle Association President Oliver North said he would not retire for a second term as leader of the gun-rights group on Saturday.
The resignation took place in the domestic power struggle under the leadership that has recently overrun the group. Friday culminated in a public fallout when a letter from NRA Senior Vice President Wayne LaPierre, the organization's powerful public face, was released, accusing North of having forced him to resign.
"Please know that I had hoped you today as NRA President for re-election. I'm now informed that this will not happen, "North said in a letter read by a board member on Saturday.
He said the NRA should form a committee to examine the group's finances, and added added that this is "a clear crisis" to "deal with" if the organization wants to remain a functioning organization.
NRA EXEC WAYNE LAPIERRE CLAIMS OLIVER NORTH TRYING TO SHUT OUT HIM [InaseparateletterfromThursdayMeanwhileLaPierresaidheshouldbeaskedbyNRApartymemberstoresignonWednesdayNorthtoldLaPierrethattheNRA'slong-timeadvertisingcompanyAckermanMcQueenintendedtosendalettertotheNorthBoardwhowouldbe"badforme"ifhedoesnotresign
"Last night, I was forced to confront one of those crucial decisions – in the style of the blackmailer as an offer that I could not refuse," the letter, the Wall Street Journal, reads , "I refused."
He added that North said, "the letter would not be sent – if I abruptly resigned," and noted that "he stated he could" negotiate "an" excellent retirement "for me.  A lawsuit filed by the NRA against Ackerman last month claims that the company over-invoiced the group and that North had a conflict of interest because Ackerman paid him.
LaPierre accused North and Ackerman of "contractual and financial allegiances" to have his criticism that the news of the NRA have moved too far away from the original mission of weapons security and the outdoors.
NRA IS PREVENTED BY COMBATING THE MONITORING THAT IT HAS TO COLOR  The NRA has taken steps over the past year to support its efforts to document and review compliance with our purchasing practices and contracts h reinforce our suppliers, "wrote LaPierre in his letter of Thursday to the board. "We met extraordinary resistance from a manufacturer – Ackerman McQueen".
The reign of North in the organization lasted less than a year and shows that the NRA internally supported LaPierre, who in the US has become a symbol of the arms rights movement's public face of the group and its policies for decades.  "Wayne has the confidence of a strong majority of the board," said Todd Rathner, an Arizona board member, to Associated Press.
"You trust him. You know he is the face of the NRA. And frankly, I think anyone who wants to remove him has to go through this board first.
CLICK HERE TO GET THE FOX NEWS APP
The Storm The organization took place during its 148th Annual Conference in Indianapolis. President Trump is headlining the rally on Friday, promising to protect gun rights in the 2020 election and the Democrats' efforts to disarm the law-abiding Americans.
Fox News "Louis Casiano and the Associated Press contributed to this report.