§ 216. — Purpose.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC216]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER XVII--DISPOSITION OF UNCLAIMED PROPERTY RECOVERED FROM CLOSED
NATIONAL BANKS
Sec. 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 and closed banks in the District
of Columbia;
(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, Sec. 731, as added Pub. L. 97-320, title IV,
Sec. 408, Oct. 15, 1982, 96 Stat. 1513.)
