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.
During the Progressive era more than a million claims for free government land were filed under the Homestead Act of 1863, while the populations of Texas, Oklahoma, Kansas, Nebraska, and the Dakotas grew rapidly.