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 Ordinance of 1785 put the 1784 resolution in operation by providing a mechanism for selling and settling the land, while the Northwest Ordinance of 1787 addressed political needs. The 1785 ordinance laid the foundations of land policy until passage of the Homestead Act in 1862.he Land Ordinance of 1785, coming on the heels of the Ordinance of 1784, was the effort of a five-person committee led by Thomas Jefferson. The ordinance established a systematic and ubiquitous process for surveying, planning and selling townships in the western frontier.