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<br /> "SECTION 32.45. Any deed, instrument or writing to <br />which the United States or any agency or instrumentality <br />thereof or any state or territory, or political subdivision <br />thereof, is a party shall be exempt from the tax imposed <br />pursuant to this article when the exempt agency is acquiring <br />title. <br /> "SECTION 32.46. The tax imposed pursuant to this article <br />shall not apply to the making, delivering or filing of <br />conveyances to make effective any plan of reorganization or <br />adjustment -- <br /> ( a) Confirmed under the Federal Bankruptcy Act, <br /> as amended; <br /> (b) Approved in an equity receivership proceeding <br /> in a court involving a railroad corporation, <br /> as defined in subdivision (m) of Section 205 <br /> of Title 11 of the United States Code, as amended; <br /> (c) Approved in an equity receivership proceeding <br /> in a court involving a corporation, as defined <br /> in subdivision (3 ) of Section 506 of Title 11 <br /> of the United States Code, as amended; or <br /> (d) Whereby a mere change in identity, form or place <br /> of organization is effected. <br /> Subdivisions ( a) to (d) , inclusive, of this section shall <br />only apply if the making, delivery or filing of instruments of <br />transfer or conveyances occurs within five years from the date <br />of such confirmation, approval or change. <br /> "SECTION 32.47. The tax imposed pursuant to this article <br />shall not apply to the making or delivery of conveyances to <br />make effective any order of the Securities and Exchange <br />Commission, as defined in subdivision ( a) of Section 1083 of <br />the Internal Revenue Code of 1954; but only if -- <br /> -3- <br /> '"1".' <br />