New Mexico § 58-17-18 Establishing a cemetery authority

New Mexico Statutes

§ 58-17-18 — Establishing a cemetery authority

New Mexico § 58-17-18

Ch. 58Financial Institutions and Regulations

Art. 17Endowed Care of Cemeteries

This text of New Mexico § 58-17-18 (Establishing a cemetery authority) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 58-17-18 (2026).

Text

A. A person establishing or acquiring a cemetery subject to the Endowed Care Cemetery Act shall file an initial registration with the director that contains the following information:

(1)a detailed financial statement of the proposed owners;

(2)a current credit report of the person establishing or acquiring the cemetery and a resume for each principal;

(3)the full name and address of the registrant, if an individual; of every member, if the registrant is a partnership or an association; of every officer, if the registrant is a corporation; and of any person owning ten percent or more of the cemetery;

(4)a plot plan that identifies the endowed care sections of the cemetery and all plans for future expansion of the cemetery;

(5)a copy of the form of contracts or instruments to be used i

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A. A person establishing or acquiring a cemetery subject to the Endowed Care Cemetery Act shall file an initial registration with the director that contains the following information: (1) a detailed financial statement of the proposed owners; (2) a current credit report of the person establishing or acquiring the cemetery and a resume for each principal; (3) the full name and address of the registrant, if an individual; of every member, if the registrant is a partnership or an association; of every officer, if the registrant is a corporation; and of any person owning ten percent or more of the cemetery; (4) a plot plan that identifies the endowed care sections of the cemetery and all plans for future expansion of the cemetery; (5) a copy of the form of contracts or instruments to be used in the sales of endowed care lots, graves, crypts or niches; (6) proof of ability to make the initial deposit or secure a surety bond as required by Section 58-17-11 NMSA 1978; (7) a registration fee in the amount of fifty dollars ($50.00); and (8) any other information requested by the director. B. Failure to submit the information specified in Subsection A of this section shall result in the denial of the registration to sell endowed care. Until a registration to operate a cemetery is approved by the director, a person establishing or acquiring a cemetery authority shall not advertise, represent, guarantee, promise or contract that perpetual care, endowed care or any similar care will be furnished.