Foundations Act Article 42

No person with any of the following circumstances shall be appointed as the chairperson, alternate chairperson or a supervisor of a public-endowed foundation, and, if appointed, the person shall be ipso facto removed from office by the competent authority with notice to the court for relevant registration:(1) Having been rendered with a final judgment of guilty for committing an offence under the Statute for Prevention of Organizational Crimes, the sentence as result thereof is not yet served or fully served, or it is less than 2 years after the sentence is fully served or pardoned; provided that this shall not apply to a person who receives a sentence of probation;(2) Having been rendered with a final judgement of guilty with sentence of an imprisonment term of 1 year or more for committing fraud, breach of trust, misappropriation or corruption, the sentence is not yet served or fully served, or it is less than 2 years after the sentence is fully served or pardoned; provided that this shall not apply to a person who receives a sentence of probation;(3) Having been denied service by the bills clearing house and the denial status has not yet been removed;(4) Having been adjudicated bankrupt or ordered to begin the liquidation procedure in accordance with the Consumer Debt Clearance Act, and rights and privileges have not been reinstated; or(5) Having been placed under guardianship or assistance by the court, and the status has not yet been removed.A person with the circumstance set out in subparagraph (5) of the preceding paragraph shall not be a director of a public-endowed foundation; if appointed, the person shall be ipso facto removed from office by the competent authority with notice to the court for relevant registration.