Title 12 — Banks and Banking
Chapter 2 — National Banks
§ 216. Purpose
Statutory text
The purpose of this subchapter is to dispose of unclaimed property in the possession, custody, or control of the Comptroller of the Currency by—
providing final notice of the availability of unclaimed property from closed national banks;
barring rights of claimants to obtain such property from the Comptroller after a reasonable period of time following such notice; and
authorizing the Comptroller to dispose of such property for which no claims have been filed and validated under this subchapter.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Depository Institutions Deregulation and Monetary Control Act of 1980
Pub. L. 96–221 title VII § 731 · 94 Stat. 131
Enacted · 12 U.S.C. § 216
Pub. L. 96–221, title VII, § 731, as added Pub. L. 97–320, title IV, § 408, Oct. 15, 1982, 96 Stat. 1513
Source evidence
Code source credit
Pub. L. 96–221, title VII, § 731, as added Pub. L. 97–320, title IV, § 408, Oct. 15, 1982, 96 Stat. 1513Pub. L. 109–351 title VII § 725(c)(1) · 120 Stat. 1966
Amended · 12 U.S.C. § 216(1)
Pub. L. 109–351 and 109–356 amended par. (1) identically
Struck · 12 U.S.C. § 216(1)
Pub. L. 109–351 and 109–356 striking out “and closed banks in the District of Columbia” before semicolon at end
Source evidence
Code amendment note
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.Enacted provision · exact public law section
(1) in paragraph (1) of section 731 (12 U.S.C. 216(1)), by striking “and closed banks in the District of Columbia”; and
2 of 3 references resolved to an enrolled provision · 1 partial
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.
Credits
1982–2006 · 3 acts
- 1982Pub. L. 96–221, title VII, § 731, as added Pub. L. 97–320, title IV, § 408, , 96 Stat. 1513
- 2006amended Pub. L. 109–351, title VII, § 725(c)(1), , 120 Stat. 2001
- 2006Pub. L. 109–356, title I, § 123(c)(1), , 120 Stat. 2029.
Show as published
(Pub. L. 96–221, title VII, § 731, as added Pub. L. 97–320, title IV, § 408, , 96 Stat. 1513; amended Pub. L. 109–351, title VII, § 725(c)(1), , 120 Stat. 2001; Pub. L. 109–356, title I, § 123(c)(1), , 120 Stat. 2029.)