The bill amends Section 45-5-429 of the New Mexico Statutes to allow for liability waivers for conservators under specific conditions. It introduces new provisions that enable a court to approve actions or reports of a conservator after a petition is filed and a hearing is conducted with proper notice to interested parties. Additionally, upon termination of a conservatorship, a conservator can seek court approval for their final report, which would discharge them from further claims related to the management of the protected person's estate, again contingent on a petition and hearing process.

The bill also establishes that any release of liability signed by a protected person while under conservatorship or guardianship is invalid and unenforceable. Furthermore, it allows for the appointment of a guardian ad litem or court investigator to review petitions related to the conservatorship and provide a written report to the court, ensuring that the interests of the protected person are adequately represented and considered in the proceedings.

Statutes affected:
introduced version: 45-5-429
CP substitute: 45-5-429
PA substitute: 45-5-429