§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.