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.
From 1862 to 1934, more than 1.6 million people gained ownership of 270 million acres of public land through the Homestead Act of 1862. These individuals obtained the satisfaction of independent land ownership all through the assistance of the federal government and the Homestead Act.