; (iii) fails to submit a capital restoration plan; or (iv) materially fails to implement a capital restoration plan. (K) Undercapitalization of issuer The issuer— (i) is critically undercapitalized, as defined by Board rule; or (ii) otherwise has substantially insufficient capital. (L) Money laundering offense The Attorney General notifies the Board, Comptroller, or State bank supervisor, as applicable, or the Corporation in writing that the payment stablecoin issuer has been found guilty of a criminal offense under section 1956 or 1957 of title 18, United States Code, or section 5322 or 5324 of title 31, United States Code. (5) Directors not liable for acquiescing in appointment of conservator or receiver The members of the board of directors of a payment stablecoin issuer shall not be liable to the issuer’s shareholders or creditors for acquiescing in or consenting in good faith to— (A) the appointment of the Corporation as conservator or receiver for that issuer; or (B) an acquisition or combination in which the Corporation requires the issuer to be acquired or combined with another payment stablecoin issuer. (e) Powers and duties of Corporation as conservator or receiver (1) Rulemaking authority of Corporation The Corporation may prescribe such regulations as the Corporation determines to be appropriate regarding the conduct of conservatorships or receiverships of payment stablecoin issuers, in consultation with the Comptroller, State bank supervisors, and the Board. (2) General powers (A) Successor to institution The Corporation shall, as conservator or receiver, and by operation of law, succeed to— (i) all rights, titles, powers, and privileges of the payment stablecoin issuer, and of any stockholder, member, accountholder, depositor, officer, or director of such issuer with respect to the issuer and the assets of the issuer