§ 3.22.110 TAX INAPPLICABLE TO MAKE EFFECTIVE ORDER OF SECURITIES AND EXCHANGE COMMISSION.
   Any tax imposed pursuant to 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 I.R.C. § 1083(a) of 1954; but only if:
   (A)   The order of the Securities and Exchange Commission in obedience to which the conveyance is made recites that the conveyance is necessary or appropriate to effectuate the provisions 15 U.S.C. § 79k, relating to the Public Utility Holding Company Act of 1935;
   (B)   The order specifies the property which is ordered to be conveyed; and
   (C)   The conveyance is made in obedience to the order.
(Ord. 2008-02, passed 10-1-2008)