New Mexico § 57-23-4 Exceptions

New Mexico Statutes

§ 57-23-4 — Exceptions

New Mexico·Ch. 57 Trade Practices and Regulations·Art. 23 Franchise Termination

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.

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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.

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