NY Tax L § 270-C (2021)
2021 New York Laws TAX - Tax Article 12 - Tax on Transfers of Stock and Other Corporate Certificates 270-C - Transfers by Operation of Law; Special Exemptions.

§ 270-c.  Transfers  by  operation  of  law;  special  exemptions.  No   transaction taxable under sections two hundred seventy and  two  hundred   seventy-a  of this chapter shall be exempt because effected by operation   of law. The tax imposed by sections two hundred seventy and two  hundred   seventy-a  of  this  chapter  shall  not be imposed upon any delivery or   transfer:1. From a decedent to his executor or administrator;2. From a minor to his guardian or from a guardian to  his  ward  upon   attaining majority;§   3.   From  an  incompetent  to  his  committee  or  similar  legal   representative, or from a committee or similar legal representative to a   former incompetent upon removal of disability;4. From a conservatee to his conservator, or from a conservator  to  a   former conservatee upon cessation of the conservatorship.5.  From  a  bank,  trust  company,  financial  institution, insurance   company, or other similar entity,  or  nominee,  custodian,  or  trustee   therefor,  to  a  public  officer or commission, or person designated by   such officer or commission or by a court, in  the  taking  over  of  its   assets,  in  whole  or in part, under state or federal law regulating or   supervising such institutions, nor upon redelivery or retransfer by  any   such transferee or successor thereto;6.  From a bankrupt or person in receivership due to insolvency to the   trustee in bankruptcy or receiver, from such receiver to such trustee or   from such trustee to such receiver, nor upon redelivery or retransfer by   any such transferee or successor thereto;7. From a transferee under paragraphs one to six,  inclusive,  to  his   successor  acting  in  the  same capacity, or from one such successor to   another;8. From a foreign country or national thereof to the United States  or   any agency thereof, or to the government of any foreign country directed   pursuant  to  the authority vested in the president of the United States   by section five (b) of the trading with the enemy act (40 Stat. 415), as   amended by the first war powers act (55 Stat. 838);9. From trustees to surviving, substitute,  succeeding  or  additional   trustees of the same trust;10. Upon the death of a joint tenant or tenant by the entirety, to the   survivor or survivors.11.  Made  in  obedience  to  an  order  of the Federal Securities and   Exchange Commission which has become or becomes final in accordance with   law, provided that such order recites that the delivery or  transfer  is   necessary  or appropriate to effectuate the provisions of section eleven   (b) of the Public  Utility  Holding  Company  Act  of  Nineteen  Hundred   Thirty-five  and specifies and itemizes the securities which are ordered   to be delivered or transferred;12. Made to effectuate any plan of reorganization  or  adjustment  (1)   confirmed  under  the act entitled "An act to establish a uniform system   of bankruptcy  throughout  the  United  States,"  approved  July  first,   eighteen  hundred  ninety-eight,  as  amended, (2) approved in an equity   receivership proceeding in court involving a corporation, or  (3)  under   sections  one  hundred  nineteen to one hundred twenty-three of the real   property law or article nine of the stock corporation law.13. Made to  effectuate  any  plan  of  reorganization  or  adjustment   required  by  a  decree  of  the  court under the anti-trust laws of the   United States or any territory thereof, or of any state or the  District   of Columbia.14.  Of  the  capital  stock of no more than one corporation organized   under or subject to either articles three or seven of the  banking  law,   delivered   or   transferred,   as   provided  in  section  one  hundred    forty-three-a of the banking  law,  in  exchange  for  shares  or  other   securities  of  a  company substantially all of the assets of which will   consist of said capital stock immediately after such exchange.The  tax commission may require that each such delivery or transfer be   accompanied by a certificate setting forth the facts.