Subsection (a) shall not apply to any transfer to a pooled income fund (within the meaning of section 642(c)(5)).
26 U.S. Code § 683. Use of trust as an exchange fund
1976—Pub. L. 94–455 substituted provisions relating to use of trust as an exchange fund for provisions setting forth rule that this part applies only to taxable years beginning after Dec. 31, 1953, and ending after the date of the enactment of this title and exceptions thereto.