Sec. 1. 36 MRSA §4641-C, sub-§7, as amended by PL 1993, c. 398, §4, is further amended to read:

7. Deeds pursuant to mergers. Deeds made pursuant to mergers of corporations from which no gain or loss is recognized under the Internal Revenue Code, except a deed to unimproved or undeveloped land in excess of 100 acres;

Sec. 2. 36 MRSA §4641-C, sub-§8, as amended by PL 1981, c. 148, §1, is further amended to read:

8. Deeds by subsidiary corporation. Deeds made by a subsidiary corporation to its parent corporation for no consideration other than the cancellation or surrender of the subsidiary's stock, except a deed to unimproved or undeveloped land in excess of 100 acres;

Sec. 3. 36 MRSA §4641-C, sub-§10, as amended by PL 1993, c. 398, §4, is further amended to read:

10. Deeds by parent corporation. Deeds made by a parent corporation to its subsidiary corporation for no consideration other than shares of stock of the subsidiary corporation, except a deed to unimproved or undeveloped land in excess of 100 acres;

Sec. 4. 36 MRSA §4641-C, sub-§16, as repealed and replaced by PL 1995, c. 462, Pt. A, §69, is amended to read:

16. Certain corporate, partnership and limited liability company deeds. Deeds between a family corporation, partnership, limited partnership or limited liability company and its stockholders, partners or members for the purpose of transferring real property in the organization, dissolution or liquidation of the corporation, partnership, limited partnership or limited liability company under the laws of this State, if the deeds are given for no actual consideration other than shares, interests or debt securities of the corporation, partnership, limited partnership or limited liability company. For purposes of this subsection a family corporation, partnership, limited partnership or limited liability company is a corporation, partnership, limited partnership or limited liability company in which the majority of the voting stock of the corporation, or of the interests in the partnership, limited partnership or limited liability company, is held by and the majority of the stockholders, partners or members are persons related to each other, including by adoption, as descendants or as spouses of descendants of a common ancestor who was also a transferor of the real property involved, or persons acting in a fiduciary capacity