Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
48 lines
1.9 KiB
Markdown
48 lines
1.9 KiB
Markdown
---
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type: "LegalText"
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title: "12 U.S.C. § 216"
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description: "Purpose"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 12
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title_name: "BANKS AND BANKING"
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chapter_number: "2"
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chapter_name: "NATIONAL BANKS"
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section: "216"
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citation: "12 U.S.C. § 216"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
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source_identifier: "/us/usc/t12/s216"
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source_file: "data/legal/raw/us/code/title-12/usc12.xml"
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source_hash: "a314971094a4be888718c34f6bc04f38bdc7c427a3d444af463e5eb1b68bb686"
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raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
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text_hash: "439843e4e8ac5ca1b2954c842d5c53aa63ffeaea2efcb6d9125b6f2482c2258d"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 12 U.S.C. § 216 - Purpose
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## Text
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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—
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(1) providing final notice of the availability of unclaimed property from closed national banks;
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(2) barring rights of claimants to obtain such property from the Comptroller after a reasonable period of time following such notice; and
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(3) authorizing the Comptroller to dispose of such property for which no claims have been filed and validated under this subchapter.
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(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.)
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## Notes
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Editorial Notes
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Amendments2006—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.
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