Taxonomy term parent selecting bug

If the improved_multi_select is used on taxonomy term editing page the option is not visible in parent selection box. However is assigned as a parent of a term by default, even if another terms is selected as a parent, and there is no way to unselect it (because it is not visible).

Adding .replace(//g, '>') to the string in improved_multi_select.js fixes the problem:

if ($(this).attr('selected')) {
    $('#improvedselect-'+ improvedselect_id +' .improvedselect_sel', context).append('<li so="'+ $(this).attr('value') +'">'+ 
        $(this).text().replace(/</g, '&lt;').replace(/>/g, '&gt;') +'</li>');
}
else {
    $('#improvedselect-'+ improvedselect_id +' .improvedselect_all', context).append('<li so="'+ $(this).attr('value') +'">'+ 
        $(this).text().replace(/</g, '&lt;').replace(/>/g, '&gt;') +'</li>');
}