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Current as of January 01, 2024 | Updated by FindLaw Staff
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.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 57. Trade Practices and Regulations § 57-23-4. Exceptions - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-57-trade-practices-and-regulations/nm-st-sect-57-23-4/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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