Owner Operator Law and Legal Definition
According to 7 USCS § 1991 (Title 7, Agriculture; Chapter 50, Agricultural Credit; Administrative Provisions), the term "owner-operator" shall include in the State of Hawaii the lessee-operator of real property in any case in which the Secretary determines that such real property cannot be acquired in fee simple by such lessee-operator, that adequate security is provided for the loan with respect to such real property for which such lessee-operator applies under this title, and that there is a reasonable probability of accomplishing the objectives and repayment of such loan.”
Legal Definition list
Related Legal Terms
- Absolute Ownership
- Absolute Ownership (Oil and Gas)
- Acquisition of Ownership (Trademark)
- Adjoining Landowners
- Affected Landowners
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Agricultural Commodity Cooperator
- Air Taxi Operator
- Aircraft Operator [Aeronautics and Space]
- Airport Operator [HUD]
