Title 12, Banks and BankingRelease 119-102
§216a Definitions
Title 12 › CHAPTER 2 — NATIONAL BANKS › SUBCHAPTER XVII — DISPOSITION OF UNCLAIMED PROPERTY RECOVERED FROM CLOSED NATIONAL BANKS › § 216a
Summary
Defines three terms. "Comptroller" means the Comptroller of the Currency. "Unclaimed property" means property or proceeds from safe‑deposit boxes or safekeeping of closed national banks held by the Comptroller as successor to receivers. "Claimant" means any person or State asserting title, custody, or possession.
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
Aug 21, 2026
Release point: 119-102