Section 57-23-4 - Exceptions. - New Mexico Statutes

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.