HARRY HUGHES, Governor                                      2573

[(2)] (II) a deed made:

[(i)] 1. under a reorganization described in §
368(a) of the Internal Revenue Code; or

[(ii)] 2. under §§ 371 through 374 of the
Internal Revenue Code; OR

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

1. PREVIOUSLY OWNED THE REAL PROPERTY;

2. OWNS THE STOCK OF THE SUBSIDIARY AND
HAS OWNED THAT STOCK FOR A PERIOD GREATER THAN 18 MONTHS; OR

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

(2)  ARTICLES OF MERGER OR OTHER DOCUMENT WHICH
EVIDENCES A MERGER OF FOREIGN CORPORATIONS ARE NOT SUBJECT TO
COUNTY TRANSFER TAX IF THE ARTICLES OR MERGER OR OTHER DOCUMENT
WHICH EVIDENCES A MERGER OF FOREIGN CORPORATIONS ARE FOR A
TRANSFER OF REAL PROPERTY FROM:

(I)  A PARENT CORPORATION TO ITS SUBSIDIARY
CORPORATION;

(II)  A SUBSIDIARY CORPORATION TO ITS PARENT
CORPORATION WHERE THE PARENT CORPORATION:

1. PREVIOUSLY OWNED THE REAL PROPERTY;

2. OWNS THE STOCK OF THE SUBSIDIARY AND
HAS OWNED THAT STOCK FOR A PERIOD GREATER THAN 18 MONTHS; OR

3. 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

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

(3)  ARTICLES OF CONSOLIDATION OR OTHER DOCUMENT WHICH
EVIDENCES A CONSOLIDATION OF FOREIGN CORPORATIONS ARE NOT SUBJECT
TO COUNTY TRANSFER TAX IF THE ARTICLES OF CONSOLIDATION OR OTHER
DOCUMENT WHICH EVIDENCES A CONSOLIDATION OF FOREIGN CORPORATIONS
ARE FOR A TRANSFER OF REAL PROPERTY FROM A CONSOLIDATING
CORPORATION TO ITS SUCCESSOR WHERE RECORDATION TAX AND, IF THEN