{"data":{"id":"us-nm/57-16-9","jurisdiction":"us-nm","citation":"57-16-9","heading":"Franchise renewal; termination; anticipatory termination.","body":"A. Anything to the contrary notwithstanding, it is unlawful for the manufacturer, distributor or representative without due cause to fail to renew a franchise on terms then equally available to all its motor vehicle dealers or their prospective purchasers, to terminate a franchise or to restrict the transfer of a franchise unless the dealer receives fair and reasonable compensation for the value of the business. A prospective purchaser may enforce the provisions of this section whether or not the person is a dealer.\nB. A public announcement by a manufacturer or distributor of an intention to cease manufacturing or distribution of a motor vehicle brand within three years of the announcement or upon expiration of a dealers' current franchise or selling agreement may at the option of an affected dealer be deemed an anticipatory involuntary termination of the dealer's franchise.","path":["Chapter 57 - Trade Practices and Regulations","ARTICLE 16 Motor Vehicle Dealers Franchising"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18560/index.do","current_through":"2025-06-20","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"3679433bc141a87b08f7d5a0672b0ca6c30e9bab9631f6b183104d50aa23bc13","source_id":"us-nm","stale":false,"prev":"us-nm/57-16-8","next":"us-nm/57-16-9.1"},"notice":"GroundRules: Original legal text. Not legal advice."}