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.
They also let you specify shareholder ownership rights, select officers and directors, plan annual meetings and the create rules around the removal of officers or directors. Corporate Bylaws also describe how stock is issued by the corporation. By creating Bylaws, you'll clearly define how your corporation will run be and you'll set expectations for shareholders, officers and board members. Other names for this document: Corporation Bylaws, Company Bylaws, Bylaws Template.