It is perfectly permissible to install a three wire receptacle on that line as long as the conditions in 250.140 are met.
"250.140 Frames of Ranges and Clothes Dryers.
Frames of electric ranges, wall-mounted ovens, counter-mounted cooking units, clothes dryers, and outlet or junction boxes that are part of the circuit for these appliances shall be grounded in the manner specified by 250.134 or 250.138.
Exception: For existing branch circuit installations only where an equipment grounding conductor is not present in the outlet or junction box, the frames of electric ranges, wall-mounted ovens, counter-mounted cooking units, clothes dryers, and outlet or junction boxes that are part of the circuit for these appliances shall be permitted to be grounded to the grounded circuit conductor if all the following conditions are met.
(1) The supply circuit is 120/240-volt, single-phase, 3-wire; or 208Y/120-volt derived from a 3-phase, 4-wire, wye-connected system.
(2) The grounded conductor is not smaller than 10 AWG copper or 8 AWG aluminum.
(3) The grounded conductor is insulated, or the grounded conductor is uninsulated and part of a Type SE service-entrance cable and the branch circuit originates at the service equipment.
(4) Grounding contacts of receptacles furnished as part of the equipment are bonded to the equipment."