The bill amends Section 45-5-429 of the New Mexico Probate Code to allow for liability waivers for conservators under specific conditions. It removes the prohibition against requesting or receiving a release or waiver of liability for conservators and introduces new provisions that enable a court to approve actions or reports of a conservator. This includes a requirement for the conservator to file a petition and notify all interested parties before the court conducts a hearing on the matter.

Additionally, the bill establishes that upon termination of a conservatorship, a conservator can petition the court for an order approving their final report and discharging them from further claims related to the management of the protected person's estate, again requiring notice and a hearing. It also specifies that any release of liability signed by a protected person during the conservatorship is not valid or enforceable, and allows for the appointment of a guardian ad litem or court investigator to review petitions related to these matters.

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