§ 216. Purpose
158 words·~1 min read·
/usc/title-12/section-216A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.)
Connections4 cite this
Cited by 4 sections · top 3
statutes-at-large
- Public Law 109–356To authorize improvements in the operation of the government of the District of Columbia, and for other purposes
- Public Law 109–351To provide regulatory relief and improve productivity for insured depository institutions, and for other purposes
- Public Law 97–320To revitalize the housing industry by strengthening the financial stability of home mortgage lending institutions and ensuring the availability of home mortgage loans
8 references not yet in our index
- Pub. L. 96–221, title VII, § 731
- Pub. L. 97–320, title IV, § 408
- 96 Stat. 1513
- Pub. L. 109–351, title VII, § 725(c)(1)
- 120 Stat. 2001
- Pub. L. 109–356, title I, § 123(c)(1)
- 120 Stat. 2029
- Pub. L. 109–351
Citation graph
cites case law
§ 216
Purpose
Stat.×4
Pub. L.Pub. L. 96–221, title VII, § 731
Pub. L.Pub. L. 97–320, title IV, § 408
Stat.96 Stat. 1513
Pub. L.Pub. L. 109–351, title VII, § 725(c)(1)
Stat.120 Stat. 2001
Cites 8 · showing 5Cited by 4 across 1 source