PUBLIC LAW 92-9-APR. 1, 1971
20
Effective date.
Ante, p. 18«
Ante, p. 17.
a domestic corporation) acquired as paymeiit for stock, or as a contribution to capital, of such corporation; and " (4) such corporation, in a manner satisfactory to the Secretary or his delegate, identifies the certificates representing its stock and debt obligations and maintains such records and accounts and submits such reports and other documents as may be necessary to establish that the requirements of the foregoing paragraphs have been met." (4) The amendments made by paragraph (1) shall apply with respect to acquisitions made after the date of the enactment of this Act. The amendments made by paragraphs (2) and (3) shall take effect on the day after such date. (5) For purposes of section 4920(a) (3B) of the Internal Revenue Code of 1954 (as amended by p a r a ^ a p h (2)) an election made under section 4920(d) of such Code (as in effect on the date of the enactment of this Act) shall be treated as an election made under such section 4920(a) (3B). For purposes of section 4915 (e)(2)(C) of such Code (as amended by paragraph (1)), notice given under section 4915(c)(3) of such Code (as m effect on the date of the enactment of this Act) shall be treated as notice given under section 4915(e)(2)(C). (f) EXTENSION SECURITIES.—
78 Stat. 833. 26 USC 4919.
Effective date.
[85 STAT.
OF
RESALE
PERIOD
FOR
DEALERS
IN
FOREIGN
(1) Section 4919(a) is amended by adding at the end thereof the following new sentence: "The President may by Executive order (which shall be applicable for such period and subject to such conditions as may be specified therein) extend the period of two business days specified in subparagraphs (A) and (B) of paragraph (3) to not to exceed 13 calendar days in the case of acquisitions made for customers and not for investment purposes, but any such extension shall be applicable only in cases where the acquiring dealer has submitted to the Secretary or his delegate in advance a satisfactory procedure for identifying which of his acquisitions are for customers and which are for investment purposes." (2) Section 4919(b)(1) is amended— (A) by striking out the period at the end of clause (B) and inserting in lieu thereof ", and"; and (B) by inserting after clause (B) the following new clause: " (C) in any case to which subparagraph (A) or (B) of subsection (a)(3) applies and which involves a sale or acquisition occurring after the expiration of the two-business-day period specified therein, establishes that the sale or acquisition complied with the applicable Executive order issued under the last sentence of subsection (a) and that the procedure submitted under such sentence was followed." (3) The amendments made by this subsection shall apply with respect to acquisitions made after the date of the enactment of this Act. (g) FAILURE or FOREIGN CORPORATION TO F I L E NOTICE RESPECTING ISSUANCE OF ADDITIONAL SHARES.—
79 Stat. 963.
(1) Section 4920(b)(2) is amended by adding at the end thereof the following new sentence: "Upon application by the issuing corporation within 2 years after the date on which additional shares described in the second sentence of this paragraph were issued, the Secretary or his delegate may waive the 15-day requirement set forth in subparagraph (D)(v) with respect to such additional shares if it is shown that the issuing corporation failed
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