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.
When your company is organized as a corporation, many states require you to create Corporate Bylaws to set basic rules around how your business is run. Even if Bylaws are not required (see state-by-state requirements here), it's a smart idea to put them in place so you'll have clear rules in place.