713-6. Exemption - Conveyance to Effectuate Bankruptcy.
The tax imposed pursuant to this chapter shall not apply to the making, delivering or filing of conveyances to made effective any plan or reorganization or adjustment:
(a) Confirmed under the Federal Bankruptcy Act, as amended;
(b) Approved in an equity receivership proceeding in a court involving a railroad corporation, as defined in subdivision (m) of § 205 of Title II of the United States Code, as amended;
(c) Approved in an equity receivership proceeding in a court involving a corporation, as defined in subdivision (3) of § 506 of Title II of the United States Code, as amended; or
(d) Whereby a mere change in identity, form or place or organization is effected.
Subsections (a) and (d), inclusive, of this section shall only apply if the making, delivery or filing or instruments of transfer or conveyances occurs within five (5) years from the date of such confirmation, approval, or change. (Ord. 952, § 6, 11/20/1973)