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.
One factor in encouraging settlers to move west was the Homestead Act, passed in 1862, which allowed settlers to claim 160 acres of land for free. Another important factor was completion of the first transcontinental railroad in 1869 which led to much more rapid Western migration.ne factor in encouraging settlers to move west was the Homestead Act, passed in 1862, which allowed settlers to claim 160 acres of land for free. Another important factor was completion of the first transcontinental railroad in 1869 which led to much more rapid Western migration.