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, signed into law by Abraham Lincoln in 1862, provided that settlers could receive title to up to 160 acres (equal to 65 hectares) if they improved the land (â¦ built a house or farm) and lived there for a period of 1 year.he Homestead Act, signed into law by Abraham Lincoln in 1862, provided that settlers could receive title to up to 160 acres (equal to 65 hectares) if they improved the land (â¦ built a house or farm) and lived there for a period of 1 year.