§ 34.65 PLANS OF REORGANIZATION AND ADJUSTMENT.
   (A)    Any tax imposed pursuant to this subchapter shall not apply to the making, delivering or filing of conveyances to make effective any plan of reorganization or adjustment:
      (1)    Confirmed under the Federal Bankruptcy Act, as amended;
      (2)    Approved in an equity receivership proceeding in a court involving a railroad corporation, as defined in subdivision (m) of § 205 of Title 11 of the United States Code, as amended;
      (3)    Approved in an equity receivership proceeding in a court involving a corporation, as defined in subdivision (3) of § 506 of Title 11 of the United States Code, as amended; or,
      (4)    Whereby a mere change in identity, form or place of organization is affected.
   (B)    Divisions (A)(1) through (4) above, inclusive, shall only apply if the making, delivery or filing of instruments of transfer or conveyances occurs within five years from the date of the confirmation, approval or change.
('61 Code, § 20.29) (Ord. 500, passed - - )