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, passed in 1862, offered 160 acres of land to anyone who would pay $10, live on the land for five years, and cultivate and improve it. The Act encouraged many additional Americans and foreigners to move to the undeveloped West.he Homestead Act, passed in 1862, offered 160 acres of land to anyone who would pay $10, live on the land for five years, and cultivate and improve it. The Act encouraged many additional Americans and foreigners to move to the undeveloped West.