HRS §186-1
Definitions for land and tree rules
This section defines key terms used in the law. It explains who the Board and Department are, who counts as an owner, and what stumpage value means. It also says stumpage value does not include logging costs.
landownerstenants
The statute, as written — 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.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.