There is a newer version of the New Mexico Statutes
2014 New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Section 16 Motor Vehicle Dealers Franchising
Section 57-16-9.3 Motor vehicle dealers; termination of franchise; return of inventory; exceptions.
NM Stat § 57-16-9.3 (2014) What's This?
57-16-9.3. Motor vehicle dealers; termination of franchise; return of inventory; exceptions.
A manufacturer or distributor is not required to repurchase:
A. inventory that the dealer orders either after the dealer receives notice of the termination of the franchise from the manufacturer or distributor or after any relief, granted by a court to the dealer in the form of temporary restraining orders, temporary injunctions or permanent injunctions, has expired;
B. inventory for which the dealer is unable to furnish evidence of clear title; or
C. motorcycle attachments or motor vehicle repair parts that have a limited storage life, are in a broken or damaged package, are usually sold as part of a set, if the parts are separated from the set, or cannot be sold without reconditioning.
History: 1978 Comp., 57-16-9.3, enacted by Laws 1991, ch. 49, 3; 1993, ch. 167, 4.
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