A. When a petition for conservatorship has been filed, but adherence to the procedures set out in Section 45-5-407 N.M. Stat. Ann. would cause serious, immediate and irreparable harm to the alleged incapacitated person’s or minor’s estate or financial interests, or both, the court may appoint a temporary conservator prior to the final hearing and decision on the petition, subject to the requirements of this section.

B. Upon separate motion by the petitioner, the court shall schedule and hold a hearing on the appointment of a temporary conservator no later than ten business days from the date the motion is filed and appoint a guardian ad litem for the alleged incapacitated person. The guardian ad litem shall file a report no later than two days prior to the hearing. The report shall identify and present all available less restrictive alternatives to conservatorship and include those items found in Paragraphs (1) and (2) of Subsection A of Section 45-5-404.1 N.M. Stat. Ann.. Notice of the hearing shall be provided as set out in Section 45-5-405 N.M. Stat. Ann..

C. Upon a finding that serious, immediate and irreparable harm to the alleged incapacitated person’s estate and financial interests would result during the pendency of petition, the court shall appoint a temporary conservator and shall specify the temporary conservator’s powers in order to prevent serious, immediate and irreparable harm to the alleged incapacitated person’s property. The duration of the temporary conservatorship shall not exceed thirty days. However, if after a hearing in which there is a showing of good cause, the court may extend the temporary conservatorship for no more than an additional sixty days.

D. A temporary conservator may be appointed without notice to the alleged incapacitated person and to the alleged incapacitated person’s attorney only if it clearly appears from specific facts shown by affidavit or sworn testimony that serious, immediate and irreparable harm will result to the alleged incapacitated person’s estate or financial interests before a ten-day hearing on the appointment of a temporary conservator can be held. If a temporary conservator is appointed without notice to the alleged incapacitated person and the alleged incapacitated person’s attorney, the court shall schedule and hold a hearing no later than ten business days from the date the motion for temporary conservator is filed to determine whether the temporary conservatorship should continue and, if so, to address the continued authority of the temporary conservator. The petitioner shall have the alleged incapacitated person and the alleged incapacitated person’s attorney served personally within twenty-four hours of the appointment of a temporary conservator as provided in Subsection B of section 45-5-405 N.M. Stat. Ann.. The alleged incapacitated person, the alleged incapacitated person’s counsel or any interested person may appear and move dissolution or modification of the court’s order, and, in that event, the court shall proceed to hear and determine such motion at the initial ten-day hearing or no later than ten business days from the date the motion is made, whichever comes first.

E. A temporary conservator is entitled to the care and custody of the alleged incapacitated person’s estate and financial interests, but a temporary conservator may not sell or dispose of any property belonging to the alleged incapacitated person, or make a change to the housing or other placement of the alleged incapacitated person, without specific authorization from the court. A temporary conservator may be removed by the court at any time. A temporary conservator shall file an initial written report with the court within fifteen days of appointment by completing the conservator’s inventory, as approved by the supreme court. A temporary conservator shall file a final written report with the court by completing the conservator’s report, as approved by the supreme court, within fifteen days of the termination of the temporary conservatorship or as otherwise ordered by the court. In all other respects, the provisions of the Uniform Probate Code [N.M. Stat. Ann. Chapter 45] concerning conservators apply to temporary conservators.

F. Appointment of a temporary conservator shall have the temporary effect of limiting the legal rights of the alleged incapacitated person as specified in the court order. Appointment of a temporary conservator shall not be evidence of incapacity.