Institutional Long-Term Care Juridical Entities Act Article 12

Any individual who falls under any of the following circumstances shall not act as a director or Auditor of ainstitutional long-term care juridical entities:1. Having been convicted of any offenses under the Organized Crime Prevention Act.2. Having been sentenced to imprisonment of at least one year for offenses of fraud, breach of trust, embezzlement, or corruption.3. Issuing a negotiable instrument that has been dishonored.4. Having been adjudicated bankrupt or subject to liquidation proceedings as ruled in accordance with the Consumer Insolvency Act, and having not had the rights and privileges thereof reinstated.5. Being subject to aadjudication of the commencement of guardianship or assistantship, which has not been revoked.6. Having acted as a chairman, director, or Auditor and been removed from office in accordance with Subparagraph 3 of Paragraph 1 of Article 13 or Paragraph 2 of Article 27.