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.
A gunshot fired. A cannon roared. Horses startled and wagons sprang to life. On April 22, 1889, settlers flooded into the region of central Oklahoma known as the Unassigned Lands. President Benjamin Harrison signed a proclamation on March 23, 1889, opening the land and people came from across the country to claim it. According to the Homestead Act of 1862, if a settler could stay on the land he claimed for five years and improve it, it would be his free and clear.