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:
(A) Confirmed under the Federal Bankruptcy Act, as amended;
(B) Approved in an equity receiving proceeding in a court involving a railroad corporation, as defined in 11 U.S.C. § 101(33), as amended;
(C) Approved in an equity receivership proceeding in a court involving a corporation; or
(D) Whereby a mere change in identity, form or place of organizations effected. Divisions (A) to (D), inclusive, of this section shall only apply if the making, delivery or filing of instruments of transfer or conveyances occurs within five years from the date of such confirmation approval or change.
(1995 Code, § 5.72.060)