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.
Answers. 1  An ordinance is a local law, also called bylaws in some places. A collection of laws or rules (federal, state or local) is said to be codified into a code. A code can also refer to a collection of standards to be applied, such as a building code or fire code. Statutes are passed by a legislature (state or federal).