Title 12 — Banks and BankingRelease 119-73

§216a Definitions

Title 12 › Chapter CHAPTER 2— - NATIONAL BANKS › Subchapter SUBCHAPTER XVII— - DISPOSITION OF UNCLAIMED PROPERTY RECOVERED FROM CLOSED NATIONAL BANKS › § 216a

Last updated Apr 6, 2026|Official source

Summary

Defines three terms used in this subchapter. Comptroller is the federal official called the Comptroller of the Currency. Unclaimed property is items, assets, or proceeds from safe‑deposit boxes or other safekeeping at closed national banks that the Comptroller now holds after taking over from the banks’ receivers. Claimant is any person or organization, including a State under applicable statutory law, who asserts a legal right to own or possess that unclaimed property.

Full Legal Text

Title 12, §216a

Banks and Banking — Source: USLM XML via OLRC

For purposes of this subchapter—

(1)the term “Comptroller” means the Comptroller of the Currency;

(2)the term “unclaimed property” means any articles, items, assets, other property, or the proceeds thereof from safe deposit boxes or other safekeeping arrangements with closed national banks, which are in the possession, custody, or control of the Comptroller in its capacity as successor to receivers of those banks; and

(3)the term “claimant” means any person or entity, including a State under applicable statutory law, asserting a demonstrable legal interest in title to, or custody or possession of, unclaimed property.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

2006—Par. (2). Pub. L. 109–351 and 109–356 amended par. (2) identically, striking out “or closed banks in the District of Columbia” after “closed national banks”.

Reference

Citations & Metadata

Citation

12 U.S.C. § 216a

Title 12 — Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73