SECTION 721—Purpose The purpose of this part is to terminate the closed
receivership fund by —
(1) providing final notice of availability
of liquidating dividends to creditors of national banks which have
been closed and for which the Comptroller has appointed a receiver
other than the Federal Deposit Insurance Corporation;
(2) barring rights of creditors
to collect liquidating dividends from the Comptroller of the Currency
after a reasonable period of time following such final notice; and
(3) refunding to the
Comptroller the principal amount of such fund and any income earned
thereon.
[12 USC 191 note. As
amended by act of Oct. 15, 1982 (96 Stat. 1515).]
