From Wikipedia, the free encyclopedia. The corporate opportunity doctrine is the legal principle providing that directors, officers, and controlling shareholders of a corporation must not take for themselves any business opportunity that could benefit the corporation. The corporate opportunity doctrine is one application of the fiduciary duty of loyalty.
In a milestone in the settlement of the American West, President Abraham Lincoln signs into law the Homestead Act, a program designed to grant public land to small farmers at low cost.
The Homestead Act (1862) garnered widespread interest in settling the U.S. West; it created the impression that anyone willing to work hard could eke out a living on their own property. Self-fashioned pioneers streamed over the prairieâs overland trails in an attempt to forge their own success on the frontier.