New Mexico Statutes Chapter 58. Financial Institutions and Regulations § 58-17-1. Declaration of policy

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 shall be liberally construed to carry out its purposes.