Section 57-16-8 – Unreasonable restrictions; site control agreements; exclusive use agreements.
A. It is unlawful to, directly or indirectly, impose unreasonable restrictions on the motor vehicle dealer or franchise relative to transfer, sale, right to renew, termination discipline, noncompetitive covenants, site-control whether by sublease, collateral pledge of lease or otherwise, right of first refusal to purchase, option to purchase, compliance with subjective standards and assertion of […]
Section 57-16-1 – Declaration of policy.
The distribution and sale of motor vehicles in this state vitally affects the general economy of the state and the public interest and welfare of its citizens. It is the policy of this state and the purpose of this act to exercise the state’s police power to ensure a sound system of distributing and selling […]
Section 57-16-2 – Application of act.
The provisions of this act shall apply to all persons, manufacturers, representatives, distributors and dealers and to all written or oral agreements between a manufacturer, distributor or representative with a motor vehicle dealer including, but not limited to, the franchise offering, the franchise agreement, sales of goods, services or advertising, leases or mortgages of real […]
Section 57-16-3 – Definitions.
As used in Chapter 57, Article 16 NMSA 1978: A. “current price” means an amount equal to the price listed in the manufacturer’s or distributor’s printed price list in effect when the franchise is terminated, less applicable trade and cash discounts; B. “dealer cost” means an amount equal to the sum of the original invoice […]