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12 U.S.C. 216: PurposeText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 12-BANKS AND BANKINGCHAPTER 2-NATIONAL BANKS
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§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.