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Hello,
The M41 transmission appears to be configured for a 1969-1971 Volvo 140 series.
It does have the correct 3rd-4th shift rail with the actuator lever for the overdrive lockout switch for your 122 M40 shift cover after you correctly install the overdrive lockout switch.
I spoke to Charlie today, and he mentioned your 1965 122 with the B230F.
Do you have pictures of the engine/transmission in the 1965?
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Eric Hi Performance Automotive Service (formerly OVO or Old Volvos Only) Torrance, CA 90502
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