HARRY HUGHES, Governor                                       2569

(ii) under §§ 371 through 374 of the Internal
Revenue Code.; OR

(3) A TRANSFER OF TITLE TO REAL PROPERTY FROM A
SUBSIDIARY CORPORATION TO ITS PARENT CORPORATION FOR NO
CONSIDERATION, NOMINAL CONSIDERATION OR CONSIDERATION THAT
COMPRISES ONLY THE ISSUANCE, CANCELLATION, OR SURRENDER OF A
SUBSIDIARY'S STOCK, WHERE THE PARENT CORPORATION;

(I) PREVIOUSLY OWNED THE REAL PROPERTY;

(II) OWNS THE STOCK OF THE SUBSIDIARY AND HAS
OWNED THAT STOCK FOR A PERIOD GREATER THAT 18 MONTHS; OR

(III) ACQUIRES THE STOCK OF A SUBSIDIARY
CORPORATION WHICH HAS BEEN IN EXISTENCE AND HAS OWNED THE REAL
PROPERTY FOR A PERIOD OF 2 YEARS.

(V) ARTICLES OF MERGER OR OTHER DOCUMENT WHICH EVIDENCES A
MERGER OF FOREIGN CORPORATIONS ARE NOT SUBJECT TO RECORDATION TAX
IF THERE IS A TRANSFER OF REAL PROPERTY:

(1)  FROM A PARENT CORPORATION TO ITS SUBSIDIARY
CORPORATION;

(2)  FROM A SUBSIDIARY CORPORATION TO ITS PARENT
CORPORATION WHERE THE PARENT CORPORATION:

(I)  PREVIOUSLY OWNED THE REAL PROPERTY;

(II) OWNS THE STOCK OF THE SUBSIDIARY AND HAS
OWNED THAT STOCK FOR A PERIOD GREATER THAN 18 MONTHS; OR

(III) ACQUIRES THE STOCK OF A SUBSIDIARY
CORPORATION WHICH HAS BEEN IN EXISTENCE AND HAS OWNED THE REAL
PROPERTY FOR A PERIOD OF 2 YEARS; OR

(3)  FROM A CORPORATION MERGING OUT OF EXISTENCE TO
ITS SUCCESSOR WHERE RECORDATION TAX AND, IF THEN REQUIRED TO HAVE
BEEN PAID, TRANSFER TAX WERE PAID WHEN THE CORPORATION MERGING
OUT OF EXISTENCE ACQUIRED TITLE TO THE REAL PROPERTY.

(W) ARTICLES OF CONSOLIDATION OR OTHER DOCUMENTS THAT
EVIDENCE A CONSOLIDATION OF FOREIGN CORPORATIONS ARE NOT SUBJECT
TO RECORDATION TAX IF RECORDATION TAX AND, IF THEN REQUIRED TO
HAVE BEEN PAID, TRANSFER TAX WERE PAID WHEN THE CORPORATION
CONSOLIDATING TO FORM A NEW CORPORATION ACQUIRED TITLE TO THE
REAL PROPERTY.

12-109.

(b) (3) The recordation tax on a security agreement [or],
articles of transfer, ARTICLES OF MERGER, ARTICLES OF
CONSOLIDATION OR OTHER DOCUMENTS WHICH EVIDENCE A MERGER OR