An officer of the Army or Air Force who on the day before the effective date of this Act [Sept. 15, 1981]—“(1) was on active duty and subject to placement on the active-duty list of his armed force; and
“(2) held the reserve grade of first lieutenant, captain, or major; and
“(3) was considered to have twice failed of selection for promotion to the next higher reserve grade,
shall be governed by [former] section 3846 or 8846, as appropriate, of title 10, United States Code, as a deferred officer.
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