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12 U.S.C. § 216

Section 216 · Purpose

Current version, with additions and removals from the October 15, 1982 version.

Current — October 16, 2006
As of October 15, 1982

The purpose of this subchapter is to dispose of unclaimed property in the possession, custody, or control of the Comptroller of the Currency by—

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 and closed banks in the District of Columbia;
(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

(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.

(3) authorizing the Comptroller to dispose of such property for which no claims have been filed and validated under this subchapter.

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