The following transfers are exempt from the provisions of this chapter:

(1)  Transfer pursuant to a court order, including, but not limited to, transfer ordered by a probate court in administration of an estate, transfer pursuant to a writ of execution, transfer by a trustee in bankruptcy, transfer by eminent domain, and transfer resulting from a decree for specific performance;

(2)  Transfer to a mortgagee by a mortgagor or pursuant to a foreclosure sale, or transfer by a mortgagee who has so acquired the real estate;

(3)  Transfer by a fiduciary in the course of the administration of a decedent‘s estate, guardianship, conservatorship, or trust;

(4)  Transfer from one co-owner to one or more other co-owners;

(5)  Transfer made to a spouse, or to a person or persons in the lineal line of consanguinity of one or more of the transferors;

(6)  Transfer between spouses resulting from a decree of dissolution of marriage or a decree of legal separation or from a property settlement agreement incidental to that decree;

(7)  Transfer from any governmental entity;

(8)  Transfer of any new unoccupied dwelling unit from a builder or developer;

(9)  Transfer by a relocation company; and

(10)  Transfer of title with no consideration.

History of Section.
P.L. 1992, ch. 425, § 1.