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12 U.S.C. · Banks and Banking
12 U.S.C. § 216

Purpose

Ch. 2 — NATIONAL BANKS
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 2
Statutory Text

12 U.S.C. § 216 — Purpose

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 2 - NATIONAL BANKS SUBCHAPTER XVII - DISPOSITION OF UNCLAIMED PROPERTY RECOVERED FROM CLOSED NATIONAL BANKS Sec. 216 - Purpose From the U.S. Government Publishing Office, www.gpo.gov

§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.)

Editorial Notes

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.

Source: uscode.house.gov — public domain Official Source ↗
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◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC12-SEC-CAD52F
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
12 U.S.C. § 216
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
8f8bc83e6a948194...
Semantic Edges
Pending — corpus passes queued
The statutory text of 12 U.S.C. § 216 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 12 U.S.C. § 215c 12 U.S.C. § 216a →
Ch. 2 — NATIONAL BANKS
12 U.S.C. § 2112 U.S.C. § 21a12 U.S.C. § 2212 U.S.C. § 2312 U.S.C. § 2412 U.S.C. § 24a12 U.S.C. § 2512 U.S.C. § 25a12 U.S.C. § 25b12 U.S.C. § 2612 U.S.C. § 2712 U.S.C. § 2812 U.S.C. § 2912 U.S.C. § 3012 U.S.C. § 3112 U.S.C. § 3212 U.S.C. § 3312 U.S.C. § 3512 U.S.C. § 3612 U.S.C. § 3712 U.S.C. § 3812 U.S.C. § 3912 U.S.C. § 4012 U.S.C. § 4112 U.S.C. § 4212 U.S.C. § 4312 U.S.C. § 5112 U.S.C. § 51a12 U.S.C. § 51b12 U.S.C. § 51b1
12 U.S.C. — public domain ← All Legislation
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boisestandard.org → United States → Law → U.S. Code → Title 12 → 12 U.S.C. § 216