The Franchise Termination Act does not affect a supplier's security interest in inventory.
History: Laws 1985, ch. 229, ยง 7.
Structure New Mexico Statutes
Chapter 57 - Trade Practices and Regulations
Article 23 - Franchise Termination
Section 57-23-1 - Short title.
Section 57-23-2 - Definitions.
Section 57-23-3 - Termination of franchise; return of inventory.
Section 57-23-5 - Warranty claim.
Section 57-23-6 - Late payment.