SECTION 710:30-1-9. Conveyances not subject to the documentary stamp tax

  In addition to the exemptions allowed under 68 O.S.1991, §3202, the following nonexclusive list constitutes further examples of conveyances not subject to the documentary stamp tax:

(1)   Conveyances of realty without consideration, including a deed conveying property as a bona fide gift;

(2)   A conveyance given by an executor or executrix in accordance with the terms of a will;

(3)   A conveyance from an agent to his principal conveying realty purchased for and with funds of the principal;

(4)   True deeds of partition, unless, for consideration, some of the parties take shares greater in value than their undivided interests. In such a case, the tax will attach to the deed conveying such excess share and will be based upon the consideration for the excess;

(5)   Ordinary leases of real property;

(6)   A conveyance to a receiver of realty included in the receivership assets, and reconveyance of such realty upon termination of the receivership; and

(7)   Transfer of realty in a statutory merger or consolidation from a constituent corporation to the new or continuing corporation.

[Source: Amended at 10 Ok Reg 4677, eff 9-1-93 (emergency); Amended at 11 Ok Reg 3493, eff 6-26-94]