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 of 1862. 37th Congress Session II 1862. Chapter LXXV. - An Act to secure Homesteads to actual Settlers on the Public Domain. Be it enacted by the Senate and House of Representatives of the United States of America in Congress.