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.
By 1871, the federal government stopped signing treaties with Native Americans and replaced the treaty system with a law giving individual Indians ownership of land that had been tribal property. This Indian Homestead Act, official known as the Dawes Act, was a way for some Indians to become U.S. citizens.