{"data":{"id":"us-nm/58-17-18","jurisdiction":"us-nm","citation":"58-17-18","heading":"Establishing a cemetery authority.","body":"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:\n(1) a detailed financial statement of the proposed owners;\n(2) a current credit report of the person establishing or acquiring the cemetery and a resume for each principal;\n(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;\n(4) a plot plan that identifies the endowed care sections of the cemetery and all plans for future expansion of the cemetery;\n(5) a copy of the form of contracts or instruments to be used in the sales of endowed care lots, graves, crypts or niches;\n(6) proof of ability to make the initial deposit or secure a surety bond as required by Section 58-17-11 NMSA 1978;\n(7) a registration fee in the amount of fifty dollars ($50.00); and\n(8) any other information requested by the director.\nB. 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.","path":["Chapter 58 - Financial Institutions and Regulations","ARTICLE 17 Endowed Care of Cemeteries"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18561/index.do","current_through":"2025-01-07","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"1f475f845887872f25c9a830495e464720c47f302e212cff9e4851b30732de29","source_id":"us-nm","stale":false,"prev":"us-nm/58-17-17","next":"us-nm/58-17-19"},"notice":"GroundRules: Original legal text. Not legal advice."}