2015 New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Section 23 Franchise Termination
Section 57-23-5 Warranty claim.
57-23-5. Warranty claim.
If after the termination of a franchise, the dealer submits a warranty claim to the supplier for work performed prior to the effective date of the termination, the supplier shall accept or reject the claim not later than the forty-fifth day after the day that the supplier receives the claim. A claim not rejected before the deadline shall be deemed accepted. The supplier shall pay an accepted claim not later than the sixtieth day after the day that the supplier receives the claim.
History: Laws 1985, ch. 229, 5.
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