The Car and Truck Fleet and Leasing Management Magazine

Governor Signs New Mexico Indemnification Clause Law

April 16, 2007

ALBURQUERUE, N.M. – New Mexico Gov. Bill Richardson signed into law Senate Bill 69 on Apr. 4, 2007, including an amendment requested by TRALA that would allow motor vehicle lease and rental contracts to include broad form indemnification clauses. As introduced earlier this year, the bill would have prohibited all lease contracts from including such clauses. TRALA, working with the New Mexico Trucking Association, was successful in amending the bill to exempt motor vehicle lease contracts from the prohibitions in the legislation.
Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

Jim Frank is current president of Wheels, Inc.  and the son of Wheels, Inc. co-founder Zollie Frank.

Read more

Up Next

More From The World's Largest Fleet Publisher