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 vary according to the nature of your organization but consider them to be your internal manual for how you will operate. They should address basic activities, such as: governance, such as whether the org is controlled by a board or by its membership. when and how board meetings will be held and conducted.