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 Reclamation Act of 1902, as had the Homestead Act of 1862, aimed to serve the nationâs social goal of settling families on the land. Beyond the 100th meridian, that goal depended on water, and a reliable flow of water, even for farmers who lived along a stream, was difficult to come by.