New Mexico § 57-23-4 Exceptions

New Mexico Statutes

§ 57-23-4 — Exceptions

New Mexico § 57-23-4

Ch. 57Trade Practices and Regulations

Art. 23Franchise Termination

This text of New Mexico § 57-23-4 (Exceptions) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 57-23-4 (2026).

Text

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.