Title 12 — Banks and BankingRelease 119-73not60

§216a Definitions

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

Last updated Apr 3, 2026|Official source

Summary

Defines three terms for this part. Comptroller = Comptroller of the Currency; unclaimed property = items or proceeds from safe‑deposit or other safekeeping at closed national banks now held by the Comptroller; claimant = person, entity, or State claiming legal right.

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 3, 2026

Release point: 119-73not60