1436
68A Stat. 134; 76 Stat. 809, 1141; 80 Stat. 1577. 26 USC 4 0 1. 26 USC 404. Nonapplicability. 48 Stat. 74. 15 USC 77a. 54 Stat. 789. 15 USC 80a-51.
Effective dates.
PUBLIC LAW 91-548-DEC. 14, 1970
[84 STAT.
maintained by a bank or in a separate account maintained by an insurance company which interest or participation is issued in connection with (i) a stock-bonus, pension, or profit-sharing plan which meets the requirements for qualification under section 401 of the Internal Revenue Code of 1954, or (ii) an annuity plan which meets the requirements for deduction of the employer's contribution under section 404(a)(2) of such Code." SEC. 29. The provisions of the Securities Act of 1933 and the Investment Company Act of 1940 shall not apply, except for purposes of definition of terms used in this section, to any interest or participation (including any separate account or other fund providing for the sharing of income or gains and losses, and any interest or participation in such account or fund) in any contract, certificate, or policy providing for life insurance benefits which was issued prior to March 23^ 1959, by an insurance company, if (1) the form of such contract, certificate, or policy was approved by the insurance commissioner, or similar ojfScial or agency, of a State, territory or the District of Columbia, and (2) under such contract, certificate, or policy not to exceed 49 per centum of the gross premiums or other consideration paid was to be allocated to a separate account or other fund providing for the sharing of income or gains and losses. Nothing herein contained shall be taken to imply that any such interest or participation constitutes a "security" under any other laws of the United States. SEC. 30. This Act shall take effect on the date of its enactment, except that— (1) sections 5(a), (b), and (c); 8; 9 (a); 11; 18; 2 4 (a); and 25 (amending sections 10(a), (b), and (c); 15; 1 7 (f); 19; and 32(a) of the Investment Company Act of 1940; and sections 203 (b) and 205 of the Investment Advisers Act of 1940, respectively) shall take effect upon the expiration of one year after the date of enactment of this Act; (2) that part of section 5(d) which substitutes "interested persons" for "affiliated persons" in section 10(d) of the Investment Company Act of 1940 shall take effect upon the expiration of one year after the date of enactment of this Act; (3) sections 16 and 17 (amending section 27 and 28 of the Investment Company Act of 1940) shall take effect upon the expiration of six months after the date of enactment of this Act; and (4) that part of section 20 which adds a subsection (b) to section 36 of the Investment Company Act of 1940 shall take effect upon the expiration of eighteen months after the date of enactment of this Act. Approved December 14, 1970. Public Law 91-548 AN ACT
December 14, 1970 [H. R. 13934] To ameml the Act uf September 21.19.59 (73 Stat. 590j, to authorize the Secretary
of the Interior to revise the boundaries of Minute Man National Historical Park, and for other [uirposes.
Minute Man National Histori c a l Park. Boundary revision. 16 USC 4 1 0 s.
Be it emicted by the Senate and House of RepveHentatlveH of the United States of Ametica in Congress assembled, That section 1 of the Act of September 21, 1959 (73 Stat. 590) is amended by inserting " (a) " after the word "that" in the first sentence and adding two subsections, as follows:
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