2015 New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Section 23 Franchise Termination
Section 57-23-4 Exceptions.
57-23-4. Exceptions.
A supplier is not required to repurchase:
A. inventory:
(1) that the dealer orders after the dealer receives notice of the termination of the franchise from the supplier; or
(2) for which the dealer cannot furnish evidence of clear title that is satisfactory to the supplier; or
B. a repair part that:
(1) has a limited storage life;
(2) is in a broken or damaged package;
(3) is usually sold as part of a set, if the part is separated from the set; or
(4) cannot be sold without reconditioning or repackaging.
History: Laws 1985, ch. 229, 4.
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