(A) Any tax imposed pursuant to this chapter 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 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 Title 11 of the United States Code, as amended; or
(4) Whereby a mere change in identity, form or place of organization is effected.
(B) Division (A) above shall apply only 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.
(Ord. 2008-02, passed 10-1-2008)