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<br /> "Purchase" or "Sale" also includes the transaction of furnishing rooms <br /> or accommodations by any person, partnership, limited liability <br /> company, association, corporation, estate, receiver, trustee, assignee, <br /> lessee, or person acting in a representative capacity or any other <br /> combination of individuals by whatever name known to a person who <br /> for a consideration uses, possesses, or has the right to use or possess <br /> any room in a hotel, apartment hotel, lodging house, motor hotel, <br /> guesthouse, guest ranch, trailer coach, mobile home, auto camp, or <br /> trailer court and park, under any concession, permit, right of access, <br /> license to use, or other agreement, or otherwise. <br /> "Purchase" or "Sale" excludes: <br /> a. A division of partnership or limited liability company assets <br /> among the partners or limited liability company members <br /> according to their interests in the partnership or limited liability <br /> company; <br /> b. The formation of a corporation by the owners of a business and the <br /> transfer of their business assets to the corporation in exchange for <br /> the entire corporation's outstanding stock, except qualifying <br /> shares, in proportion to the assets contributed; <br /> c. The transfer of assets of shareholders in the formation or <br /> dissolution of professional corporations; <br /> d. The dissolution and the pro rata distribution of the corporation's <br /> assets to its stockholders; <br /> e. The transfer of assets from a parent corporation to a subsidiary <br /> corporation or corporations which are owned at least eighty <br /> percent by the parent corporation, which transfer is solely in <br /> exchange for stock or securities of the subsidiary corporation; <br /> f. The transfer of assets from a subsidiary corporation or corporations <br /> which are owned at least eighty percent by the parent corporation <br /> to a parent corporation or to another subsidiary which is owned at <br /> least eighty percent by the parent corporation, which transfer is <br /> solely in exchange for stock or securities of the parent corporation <br /> or the subsidiary which received the assets; <br /> g. A transfer of a limited liability company or partnership interest; <br /> h. The transfer in a reorganization qualifying under section 368 (a) <br /> (1) of the "Internal Revenue Code of 1986", as amended; <br /> 1. The formation of a limited liability company or partnership by the <br /> transfer of assets to the limited liability company or partnership or <br /> transfers to a limited liability company or partnership in exchange <br /> 11 <br />