2016 US Code
Title 12 - Banks and Banking
Chapter 2 - National Banks
Subchapter XVII - Disposition of Unclaimed Property Recovered From Closed National Banks
Sec. 216 - Purpose
12 U.S.C. § 216 (2016) |
§216. Purpose |
The purpose of this subchapter is to dispose of unclaimed property in the possession, custody, or control of the Comptroller of the Currency by— (1) providing final notice of the availability of unclaimed property from closed national banks; (2) barring rights of claimants to obtain such property from the Comptroller after a reasonable period of time following such notice; and (3) authorizing the Comptroller to dispose of such property for which no claims have been filed and validated under this subchapter. |
(Pub. L. 96–221, title VII, §731, as added Pub. L. 97–320, title IV, §408, Oct. 15, 1982, 96 Stat. 1513; amended Pub. L. 109–351, title VII, §725(c)(1), Oct. 13, 2006, 120 Stat. 2001; Pub. L. 109–356, title I, §123(c)(1), Oct. 16, 2006, 120 Stat. 2029.) |
AMENDMENTS
2006—Par. (1). Pub. L. 109–351 and 109–356 amended par. (1) identically, striking out "and closed banks in the District of Columbia" before semicolon at end. |
United States Code, 2012 Edition, Supplement 4, Title 12 - BANKS AND BANKING |
Bills and Statutes |
United States Code |
Y 1.2/5: |
Title 12 - BANKS AND BANKING CHAPTER 2 - NATIONAL BANKS SUBCHAPTER XVII - DISPOSITION OF UNCLAIMED PROPERTY RECOVERED FROM CLOSED NATIONAL BANKS Sec. 216 - Purpose |
section 216 |
2016 |
January 6, 2017 |
No |
standard |
96 Stat. 1513 120 Stat. 2001, 2029 |
Public Law 96-221, Public Law 97-320, Public Law 109-351, Public Law 109-356 |