owner-managed status
(2) For purposes of this section, the term “owner-managed status” means, with respect to a trust or restricted interest, that— (A) the interest is a trust or restricted interest in a parcel of land for which applications covering all trust or restricted interests in such parcel have been submitted to and approved by the Secretary pursuant to subsection (d); (B) the interest may be leased without approval of the Secretary pursuant to, and in a manner that is consistent with, the requirements of this section; and (C) no revocation has occurred under subsection (h)(2).