12 U.S. Code § 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.)

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

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

12 USCDescription of ChangeSession YearPublic LawStatutes at Large


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