LegalFix
Sign In

Section 57-23-4 - Exceptions.

NM Stat § 57-23-4 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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.

History: Laws 1985, ch. 229, § 4.

Previous Section
Section 57-23-3 - Termination of franchise; return of inventory.
Next Section
Section 57-23-5 - Warranty claim.