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.
The bylaws document also outlines how they are selected and removed, their duties, responsibilities, powers, and term length. Importance of Bylaws. A companyâs bylaws are essentially a blueprint for how the corporation will be managed and run, and they should not be written, filed, and forgotten.