A. A guardian of a minor protected person has the powers and responsibilities of a parent regarding the protected person’s support, care and education, but a guardian is not personally liable for the protected person’s expenses and is not liable to third persons by reason of the relationship for acts of the protected person.

B. In particular and without qualifying the foregoing, a guardian shall:

(1)     become or remain personally acquainted with the protected person and maintain sufficient contact with the protected person to know of the protected person’s capacities, limitations, needs, opportunities and physical and mental health;

(2)     take reasonable care of the protected person’s personal effects and commence protective proceedings if necessary to protect other property of the protected person;

(3)     apply any available money of the protected person to the protected person’s current needs for support, care and education;

(4)     conserve any excess money of the protected person for the protected person’s future needs, but if a conservator has been appointed for the estate of the protected person, the guardian, at least quarterly, shall pay to the conservator money of the protected person to be conserved for the protected person’s future needs; and

(5)     report the condition of the protected person and of the protected person’s estate that has been subject to the guardian’s possession or control, as ordered by the court on petition of any person interested in the protected person’s welfare or as required by court rule.

C. A guardian may:

(1)     receive money payable for the support of the protected person to the protected person’s parent, guardian or custodian under the terms of any statutory benefit or insurance system or any private contract, devise, trust, conservatorship or

custodianship and money or property of the protected person paid or delivered pursuant to the provisions of Section 45-5-103 N.M. Stat. Ann. or any other statute;

(2)     if consistent with the terms of any order by a court of competent jurisdiction relating to detention or commitment of the protected person, take custody of the person of the protected person and establish the protected person’s place of abode within or without New Mexico;

(3)     if no conservator for the estate of the protected person has been appointed, institute proceedings, including administrative proceedings, or take other appropriate action to compel the performance by any person of a duty to support the protected person or to pay sums for the welfare of the protected person;

(4)     consent to medical or other professional care, treatment or advice for the protected person without liability by reason of the consent for injury to the protected person resulting from the negligence or acts of third persons unless a parent would have been liable in the circumstances;

(5)     consent to the marriage or adoption of the protected person; and

(6)     if reasonable under all of the circumstances, delegate to the protected person certain responsibilities for decisions affecting the protected person’s well-being.

D. A guardian is entitled to reasonable compensation for services as guardian and to reimbursement for room, board and clothing personally provided to the protected person, but only as approved by order of the court. If a conservator, other than the guardian or one who is affiliated with the guardian, has been appointed for the estate of the protected person, reasonable compensation and reimbursement to the guardian may be approved and paid by the conservator without order of the court controlling the guardian.

E. In the interest of developing self-reliance on the part of a protected person or for other good cause, the court, at the time of appointment or later, on its own motion or on appropriate petition or motion of the minor or other interested person, may limit the powers of a guardian otherwise conferred by this section and thereby create a limited guardianship. Any limitation on the statutory power of a guardian of a minor must be endorsed on the guardian’s letters or, in the case of a guardian by parental appointment, must be reflected in letters that are issued at the time any limitation is imposed. Following the same procedure, a limitation may be removed and appropriate letters issued.