Rather than using an array of bools, have you considered an enum:
public enum StatusByte : byte
{
Ready = 0,
Abort = 1,
TxReady = 2,
RxReady = 3,
TxError = 4,
RxError = 5,
}
private void button1_Click(object sender, EventArgs e)
{
StatusByte sb = ReadStatus();
if ((int) (sb & StatusByte.Ready) == 1)
{
}
}