§186-1  Definitions.  When used herein:

     "Board" means the board of land and natural resources.

     "Department" means the department of land and natural resources.

     "Owner" shall include any person leasing the real property of another under a lease having a stated term of not less than thirty years.

     "Stumpage value" means the value that a willing buyer will pay to a willing seller per thousand board feet for trees standing and uncut.  This value shall not include logging costs. [L 1963, c 141, §2; Supp, §87D-2; HRS §186-1]

Revision Note

  Numeric designations deleted and definitions rearranged.