§172-2  Department to appraise lands;determine commutation; interest; lien.  The department of land and naturalresources shall cause to be appraised each piece of property upon whichcommutation shall then be due.  The value of the property for the purposes ofthis chapter shall be fixed by the appraisers as nearly as may be at the valueof the land without improvements as of the date of the award of the propertymade by the board of commissioners to quiet land titles.

Upon the value so ascertained the departmentshall determine the amount of the commutation due according to the terms of theaward.  The commutation so fixed shall bear interest from and afterJanuary 1, 1910, until paid, at the rate of six per cent a year and thecommutation and interest is hereby made a lien upon the land superior to allother encumbrances. [L 1909, c 90, §2; RL 1925, §571; RL 1935, §1602; RL 1945,§4632; RL 1955, §100-2; am L Sp 1959 2d, c 1, §21; am L 1961, c 132, §2; HRS§172-2]