2017 New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 16 - Motor Vehicle Dealers Franchising
Section 57-16-6.2 - Recreational vehicles; franchise agreements.
57-16-6.2. Recreational vehicles; franchise agreements.
A. Every recreational vehicle manufacturer, distributor or representative shall execute a written franchise or sales agreement with each of its recreational vehicle dealers. Each agreement shall include the following provisions:
(1) warranty service obligations, including rates charged by a dealer for performing warranty service;
(2) specific territory or market area designation;
(3) grounds for termination;
(4) repurchase obligations;
(5) sales volume and performance; and
(6) dispute resolution procedures.
B. Notwithstanding the provisions of Subsection A of this section, a dealer and manufacturer, distributor or representative may mutually agree not to include the provisions listed in Paragraphs (2) through (6) of Subsection A of this section; provided, however, a written declaration stating which of the provisions were intentionally omitted and not applicable shall be incorporated into the written agreement.
History: Laws 1995, ch. 19, 2; 2003, ch. 199, 1.
