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.
Bylaws are your organizationâs operating manual. 1  They define: 2  Size of the board and how it will function. 3  Roles and duties of directors and officers. 4  Rules and procedures for holding meetings, electing directors, and appointing officers. 5  Conflict of interest policies and procedures. 6  How grant monies will be distributed.