3.08.070 Special exception—Order of S.E.C.
This section is included in your selections.
The tax does not apply to the making of conveyances to make effective an order of the Securities and Exchange Commission, as defined in subdivision (a) of Section 1083 of the Internal Revenue Code of 1954 if:
A. The order of the Securities and Exchange Commission recites that the conveyance is necessary or appropriate to carry out Section 79k of Title 15 of the United State Code, relating to the Public Utility Holding Company Act of 1935; and
B. The order specifies the property which is ordered to be conveyed. (Ord. 76-3 § 7, 1976)