There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 17 - Endowed Care of Cemeteries
Section 58-17-1 - Declaration of policy. (2001)
NM Stat § 58-17-1 (2013) What's This?
58-17-1. Declaration of policy. (2001)
It is declared to be necessary in the public interest that cemeteries advertising or selling "endowed care or perpetual care" in connection with the sale of cemetery lots or burial spaces be subject to sufficient regulation by the state to ensure the establishment of sound business practices necessary to furnish the endowed care or perpetual care guaranteed. The provisions of the Endowed Care Cemetery Act [58-17-2 NMSA 1978] shall be liberally construed to carry out its purposes.
History: 1953 Comp., § 67-29-1, enacted by Laws 1961, ch. 156, § 1; 2001, ch. 149, § 1.
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