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 § 1083(a) of the Internal Revenue Code of 1954; but only if:
(A) 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 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; or
(C) The conveyance is made in obedience to the order.
(1995 Code, § 5.72.070)