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 previous 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, followed by a court hearing. Additionally, upon termination of a conservatorship, a conservator can seek court approval for their final report and discharge from further claims, again requiring notice and a hearing.

Furthermore, the bill stipulates that any release of liability signed by a protected person while under conservatorship or guardianship is invalid and unenforceable. It also allows the court to appoint a guardian ad litem or 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