An Act to exempt life insurance companies from the act of February 4, 1913, regulating loaning of money on securities in the District of Columbia
PL 88-191 (H.R.3191), enacted 12/05/1963

344 
PUBLIC LAW 88-191-DEC. 5, 1963 
[77 STAT. 
Presidential 
documents. 
Applicability. 
book shall contain an explanation of its coverage and such other aids 
to users as the Committee may require or authorize. A general index 
to the entire Code of Federal Regulations shall be separately printed 
and bound. 
"(c) The Committee shall regulate the supplementation and the col-
lation and republication of the printed codifications with a view to 
keeping the Code of Federal Regulations as current as practicable: 
Provided^ That each book shall be either supplemented or collated and 
republished at least once each calendar year. 
"(d) The Office of the Federal Register shall prepare and publish 
the codifications, supplements, collations, and indexes authorized by 
this section." 
ih) By substituting a new subsection (g) to read as follows: 
"(g) Nothing in this section shall be construed to require codifica-
tion of the text of Presidential documents published and periodically 
compiled in supplements to title 3 of the Code of Federal Regulations." 
SEC. 2. Section 11 of the Federal Register Act, as amended by the 
first section of this Act, shall apply to the Code of Federal Regulations 
previously authorized and published as well as to future publications 
made pursuant to that section as so amended. 
• Approved December 2, 1963. 
December 5, 1963 
[H. R. 3191] 
Public Law 88-191 
AN ACT 
To exempt life insurance companies from the Act of February 4, 1913, regulating 
loaning of money on securities in tlie District of Columbia. 
District of Co-
lumbia, 
Life insurance 
companies, loans. 
37 Stat. 660. 
D, 
301. 
C. Code 35-
Resident agent. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That section 10 of 
the Act entitled "An Act to regulate the business of loaning money on 
security of any kind by persons, firms, and corporations other than 
national banks, licensed bankers, trust companies, savings banks, build-
ing and loan associations, and real estate brokers in the District of 
(^olumbia", approved February 4, 1913 (D.C. Code, sec. 26-610), is 
amended (1) by inserting the subsection designation " ( a ) " immedi-
ately before the first word of such section; (2) by inserting before the 
period at the end thereof the following: "or to life insurance com-
panies. 
As used in this section the term 'life insurance companies' 
means and includes any life insurance company authorized to do busi-
ness in the District of Columbia pursuant to the Life Insurance Act 
(48 Stat. 1127, et seq.) and any other life insurance company which 
has a valid, current license to do business as such in any State of the 
United States"; 
and (3) by adding thereto the following new 
subsection: 
" (b) Any person or any legal entity exempted from the provisions of 
this Act by such subsection (a) of this section making loans secured on 
real or personal property in the District of Columbia who or which 
does not maintain an office for doing business in the District of Colum-
bia or a residence in said District where such person or legal entity may 
be served with process in any suit arising out of q,ny such transaction 
or in connection with such property shall appoint and maintain at all 
times in the District of Columbia a resident agent upon whom process 
may be served in any such suit, and shall register with the Commis-
sioners of the District of Columbia or with their designee the name and 
address of such resident agent. Any such person or legal entity which 
77 STAT. ] 
PUBLIC LAW 88-192-DEC. 5, 1963 
345 
fails to appoint and maintain at all times in the District of Columbia 
such resident agent shall not, while such failure continues, be entitled 
to the exemption provided in this section. Whenever any such person 
or entity does not have in the District of Columbia an agent for service 
of process or such agent cannot with reasonable diligence be found at 
his registered address, then the said Commissioners or their designee 
shall be the agent for the service of process for such person or entity. 
Service of process on the Commissioners or their designee shall be made 
by delivering to, and leaving with them, or with any person having 
charge of their office, or with their designee, duplicate copies of the 
process accompanied by a fee in the amount of $2.00 and such service 
shall be sufficient service upon such person or entity. In the event of 
such service, the Commissioners, or their designee, shall immediatelv 
cause one of such copies to be forwarded by registered or certified mail, 
addressed to such person or entity at his or its address, as such address 
appears on the records of the Commissioners or their designee. 
Any 
such service shall be returnable in not less than thirty days unless the 
rules of the court issuing such process prescribe another period, in 
which case such prescribed period shall govern. Toothing contained in 
this section shall limit or affect the right to serve any process, notice, 
or demand required or permitted by law to be served on any such 
person or entity in any other manner now or hereafter permitted by 
law." 
Approved December 5, 1963. 
Public Law 88-192 
A N A C T 
December 5, 1963 
To amend the Act of March 3, 1901, relating to devises and bequests by will. 
[H. R. 3190] 
D. C. Code 19-
205. 
Be it enacted hy the Senate and House of Re'presentatives of the 
United States of America in Congress assembled^ That "An Act to 
D. C. "Pour 
establish a code of law for the District of Columbia'', approved March °''*''" *'"'^^*^-
3, 1901, as amended, is amended by adding the following new section 
ai stat. 1433: 
after section 1628 thereof: 
32 stat. S45 
"SEO. 1628a. (a) BEQUESTS OR DEVISES TO TRUSTEE UNDER, OR IN AC-
CORDANCE W I T H TERMS OF, EXISTING TRUSTS.—A devise or bequest may 
be made in a will or codicil, otherwise valid, in form or substance to the 
trustee or trustees under, or in accordance with the terms of, a written 
inter vivos trust (including an unfunded life insurance trust, although 
the settlor has reserved any or all rights of ownership in the insurance 
contracts) which has been executed and is in existence prior to or 
contemporaneously with the execution of such will or codicil and is 
identified in such will or codicil, without regard to the size or character 
of the corpus of such trust, or whether the settlor is the testator or a 
third person. 
"Such devise or bequest shall not be invalid because the trust is 
subject to amendment or modification or may be terminated or revoked 
after the will or codicil is executed (whether by the settlor or any 
other person or persons), nor because the trust instrument or any 
amendment thereto was not executed in the manner required by law 
for wills or codicils.