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. Another spike in westward migration came with the Homestead Act of 1862 and similar bills in the 1870s. Beginning on New Year's Day, 1863, individuals could apply for a 160-acre homestead west of the Mississippi River.The land was free, but in order to get the deed, the owner had to build a 12x14' home and grow crops for five years.he Homestead Act of 1862 and other similar legislation encouraged more settlement by giving away free land in the Great Plains to individuals.