New Mexico Forms Library

4-994.  Order to secure or waive bond.

[For use with Rule 1-140 NMRA]

STATE OF NEW MEXICO

COUNTY OF _______________

_________ JUDICIAL DISTRICT

In the matter of _____________________,                                            No. __________

                                    a Protected Person.

ORDER TO SECURE OR WAIVE BOND

            THIS MATTER is before the Court on the petition of, ___________________, pro se or by and through her/his attorney, ________________________, to appoint a conservator for _____________________________, the Protected Person in this matter. The Court, having granted the petition by separate order, FINDS:

1.    The Court has appointed ____________________________ as Conservator.

2.    The Protected Person’s estate has an aggregate capital value, as defined in Section 45-5-411(B) NMSA 1978, of $ _________________.

            The Court therefore ORDERS:

☐   The Conservator shall post a surety bond in the amount of $ _____________ in accordance with Section 45-5-411 NMSA 1978.  The Conservator may enlist the services of any insurance agent qualified to issue an A-1 surety bond in the State of New Mexico. The Court herewith provides a listing of available bond agents but the Court makes no recommendation as to specific insurers.

            OR

☐   The Conservator shall comply with the following alternative asset-protection arrangement, which has been approved and accepted by the Court: __________

________________________________________________________________

________________________________________________________________

OR

☐   The requirement to post a bond is waived because,

☐         A bond or alternative asset-protection arrangement is not necessary to protect the interests of the individual subject to conservatorship because ___________________________________________________________

___________________________________________________________

OR

☐   A bond is not required because the Conservator is a financial institution that possesses and is exercising general trust powers in New Mexico, as provided in Section 45-5-411(C) NMSA 1978.

IT IS SO ORDERED.

                                                                        _____________________________________

                                                                        The Honorable _________________________

                                                                        DISTRICT COURT JUDGE

Submitted by:

____________________

Attorney for Petitioner

Address

Copies to:

____________________________________

____________________________________

____________________________________

____________________________________

[Approved by Supreme Court Order No. 18-8300-005, effective for all cases on or after July 1, 2018.]