While I understand the concerns, the latter portion is problematic. What if someone wanted to eject a standing Director? All they would need to do is level a lawsuit against them and they'd be auto-kicked? And before you say it doesn't happen, it does... I've known plenty of people charged with crimes and with lawsuits filed against them whom were innocent of those charges, only to have the suit dropped later, but find their reputation soiled by the mere allegation that they did something illegal.

As it stands, the Treasurer is an appointed position that serves at the leisure of the Board. If there is enough concern, good odds the Board will simply select a new Treasurer. Adding a requirement for disclosure of bankruptcy or ongoing legal action against one-self is not a bad idea for any Board member, so adding wording for that may be a good idea. But it would have to be structured properly.

Lets think on that?