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.
A Bylaws Definition. Corporations are very complicated, and laws need to be put into place to ensure that the company operates in a certain way. As a company owner, you are not required to form Corporate Bylaws. But by forming bylaws, you will have an established set of legal guidelines to follow during your businessâ operation.