A. Confirmed under the federal Bankruptcy Act;

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.

Subsections A through D of this section only apply if the filing of instrument of transfer or conveyance occurs within five years from the date of confirmation, approval or change. (Ord. 76-3 § 6, 1976)