ï Bank-Owned Life Insurance (BOLI) is a special type of life insurance where the Bank is the owner and beneficiary of the policy. ï BOLI is an asset of the Bank and is normally funded with a single payment.
By-law. From Wikipedia, the free encyclopedia. (Redirected from Bylaw). A by-law (sometimes also spelled bylaw, by law or bye-law) is a rule or law established by an organization or community to regulate itself, as allowed or provided for by some higher authority.
Each set of bylaws will be specific to each organization, but the basic components of bylaws are as follows: 1  An Organization's Name, Purpose and Office(s) Location. 2  Members. 3  Board of Directors. 4  Committees. Officers. 5  Meetings. Conflict of Interest.  Amending Bylaws.