### Question
How is the "unclaimed property" defined?


### Answer
The term **unclaimed property** is defined in *12 U.S.C. § 216a* as follows -

> any articles, items, assets, other property, or the proceeds thereof from safe deposit boxes or other safekeeping arrangements with closed national banks or closed banks in the District of Columbia, which are in the possession, custody, or control of the Comptroller in its capacity as successor to receivers of those banks

#### Citation:
  - *12 U.S.C. § 216a*
  - Heading: **CHAPTER 2-NATIONAL BANKS > SUBCHAPTER XVII-DISPOSITION OF UNCLAIMED PROPERTY RECOVERED FROM CLOSED NATIONAL BANKS**

