Powershell command for 2007 - assuming folder under "All Public folders" is FolderName, and owner-to-be mailbox displayname is OwnerMailbox.
ONE FOLDER
add-PublicFolderClientPermission -identity "\FolderName" -user "OwnerMailbox" -accessRights Owner
ALL FOLDERS under FolderName
get-publicfolder -identity "\FolderName" -recurse | add-publicfolderclientpermission -accessrights "Owner" -user "OwnerMailbox"