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 first of the acts, the Homestead Act of 1862, was signed into law by President Abraham Lincoln on May 20, 1862.Anyone who had never taken up arms against the U.S. government (including freed slaves and women), was 21 years or older, or the head of a family, could file an application to claim a federal land grant.he homestead was an area of public land in the West (usually 160 acres or 0.65 km 2) granted to any US citizen willing to settle on and farm the land for at least five years. The law (and those following it) required a three-step procedure: file an application, improve the land, and file for deed of title.