The department shall post with the secretary of state a corporate surety bond in the amount of five hundred thousand dollars ($500,000). The bond shall be conditioned upon the faithful discharge of the duties of the department as personal representative or conservator and shall inure to the use and benefit of each person or estate for whom the department is appointed to act. In a case or proceeding in which the department is appointed as a personal representative of the estate of a veteran or as a conservator of the estate of an incompetent veteran or as a conservator of the estate of a minor child of a veteran, the department shall act without additional bond and the court or official having jurisdiction shall so order in its order of appointment.
History: Laws 2004, ch. 19, § 18.
Effective dates. — Laws 2004, ch. 19 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 19, 2004, 90 days after adjournment of the legislature.
Structure 2021 New Mexico Statutes
Chapter 9 - Executive Department
Article 22 - Veterans' Services Department
Section 9-22-4 - Department established.
Section 9-22-5 - Secretary of veterans' services; appointment.
Section 9-22-6 - Secretary; duties and general powers.
Section 9-22-7 - Department responsibilities.
Section 9-22-9 - Divisions; directors.
Section 9-22-10 - Bureaus; chiefs.
Section 9-22-11 - Administrative services division; duties.
Section 9-22-12 - Field services division; powers and duties.
Section 9-22-12.1 - Health care coordination division.
Section 9-22-13 - State approving bureau.
Section 9-22-14 - State benefits division.
Section 9-22-14.1 - Veterans' enterprise fund; purpose; administration.
Section 9-22-16 - Power to act as a personal representative or conservator.
Section 9-22-17 - Court proceedings for appointment as personal representative or conservator.
Section 9-22-18 - Action as a personal representative or conservator; bond.