U.S. Code » Title 12 » Chapter CHAPTER 2— NATIONAL BANKS › Subchapter SUBCHAPTER XVII— DISPOSITION OF UNCLAIMED PROPERTY RECOVERED FROM CLOSED NATIONAL BANKS

12 U.S.C. § 216

Purpose

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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.)Editorial NotesAmendments

2006—Par. (1). Pub. L. 109–351 and 109–356 amended par. (1) identically, striking out “and closed banks in the District of Columbia” before semicolon at end.

Notes of Decisions
Cited in 3 cases (2 in the last 5 years), 1990–2023 · leading case: Alabama v. Bowsher, 734 F. Supp. 525 (D.D.C. 1990).
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Alabama v. Bowsher, 734 F. Supp. 525 (D.D.C. 1990). “97-320, 12 U.S.C. § 216 , et seq., was "to dispose of unclaimed property in the possession, custody or control of the Comptroller of the Currency," which the Comptroller of the Currency has "acquired from receivers of national banks that failed before and during the preWWII…”
(PS) Rider v. California State Controller's Off. (E.D. Cal. 2023). · cites it 2× “The statute plaintiff cites, 12 U.S.C. § 216 (b), does 8 not provide the remedy plaintiff seeks, as this portion of the U.”
(PS) Rider v. California State Controller's Off. (E.D. Cal. 2023). “§ 1915 ), the undersigned found plaintiff failed to state a 20 claim for relief available in this court, as plaintiff relied solely on 12 U.S.C. §216 (b) (the National 21 Banking Act) in attempting to state a claim.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.