An application for the issuance of securities in a stock dividend or stock split (which is not exempt from qualification by subdivision (f) of Section 25017 or subdivision (f) of Section 25103 of the Code) will normally be approved unless as a result thereof the relative voting power of different classes of stock would be unfairly altered. However, a stock split which would reduce the market price of the securities to less than two dollars per share (referred to in Clause (2) of subdivision (f) of Section 25103 of the Code) or a reverse stock split which would substantially alter the proportionate interests of the shareholders (referred to in Clause (3) of subdivision (f) of Section 25103 of the Code) will not normally be approved.