The tax imposed pursuant to this article 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 receivership proceeding in a court involving a railroad corporation,
as defined in subdivision (m) of section 205 of title 11 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 section 506 of title 11 of the United States Code,
as amended; or
(d)
Whereby a mere change in identity, form, or place of organization is effected.
Subdivisions (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.
