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.
Lincoln signs Homestead Act. On this day in 1862, President Abraham Lincoln signs the Homestead Act, which opens government-owned land to small family farmers (âhomesteadersâ). The act gave âany personâ who was the head of a family 160 acres to try his hand at farming for five years.