§ 722.
125 words·~1 min read·
/usc/title-12/section-722A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For purposes of this part— the term ‘closed receivership fund’ means the aggregation of undisbursed liquidating dividends from national banks which have been closed and for which the Comptroller has appointed a receiver other than the Federal Deposit Insurance Corporation, held by the Comptroller in his capacity as successor to receivers of those banks; the term ‘Comptroller’ means the Comptroller of the Currency; the term ‘claimant’ means a depositor or other creditor who asserts a claim against a closed national bank for a liquidating dividend; and the term ‘liquidating dividend’ means an amount of money in the closed receivership fund determined by a receiver of a closed national bank or by the Comptroller to be owed by that bank to a depositor or other creditor.