IMHO, this is obfuscating the code.  The real means (again, IMHO) to
address this issue should be to use an install-sh which creates the
directories and their parents when needed.

It simplifies the code, addresses your issue, and also guarantees that
in the future, all such targets will behave as you suggest.

Would you contribute the AC_PROG_INSTALL macro and install-sh updates?

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