§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.
Hawaii Legal Code