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Section 57-16-6.2 - Recreational vehicles; franchise agreements.

NM Stat § 57-16-6.2 (2019) (N/A)
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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.

The 2003 amendment, effective July 1, 2003, inserted "including rates charged by a dealer for performing warranty service" at the end of Paragraph A(1).

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