N.M. Stat. § 57-23-4

Current through 2024, ch. 69
Section 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.

NMS § 57-23-4

Laws 1985, ch. 229, § 4.