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.
Homestead Act. Summary and Definition of the Homestead Act. Definition and Summary: The Homestead Act of 1862 was passed by Congress on May 20, 1862 during the Civil War (1861-1865) following the secession of the Southern states. The Homestead Act was An Act to secure Homesteads to actual Settlers on the Public Domain.