New Mexico Statutes 57-16-9.3. Motor vehicle dealers; termination of franchise; return of inventory; exceptions
Current as of: 2023 | Check for updates
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A manufacturer or distributor is not required to repurchase:
Terms Used In New Mexico Statutes 57-16-9.3
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
A. inventory that the dealer orders either after the dealer receives notice of the termination of the franchise from the manufacturer or distributor or after any relief, granted by a court to the dealer in the form of temporary restraining orders, temporary injunctions or permanent injunctions, has expired;
B. inventory for which the dealer is unable to furnish evidence of clear title; or
C. motorcycle attachments or motor vehicle repair parts that have a limited storage life, are in a broken or damaged package, are usually sold as part of a set, if the parts are separated from the set, or cannot be sold without reconditioning.