Docket Room
SB 115·NM·senate

FRANCHISE TERMINATION CHANGES

IntroducedFiled Jan 23, 2026
Sponsor: Gonzales, Roberto "Bobby" J.
Latest Action

action postponed indefinitely

Mar 24, 2026

Summary

The measure rewrites key definitions in the Franchise Termination Act and requires both dealers and suppliers to give advance written notice before ending a franchise. It limits a supplier’s ability to terminate a franchise to specific “good cause” reasons and gives dealers a chance to fix problems. The changes aim to create more predictability for farm‑equipment dealers and their suppliers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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