(A) Any tax imposed pursuant to the provisions of this chapter shall not apply to the making or delivery of conveyances to make effective any order of the Securities and Exchange Commission, as defined in Internal Revenue Code of 1954, subsection (a) of § 1083.
(B) Division (A) applies only if:
(1) The order of the Securities and Exchange Commission, in obedience to which such conveyance is made, recites that such conveyance is necessary or appropriate to effectuate the provisions of 15 USC 79k relating to the Public Utility Holding Company Act of 1935;
(2) Such order specifies the property which is ordered to be conveyed; and
(3) Such conveyance is made in obedience to such order.
('66 Code, § 3-6.07) (Ord. 40-C-S, passed 12-11-67)