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.
In 1862 President Abraham Lincoln signed landmark legislation called The Homestead Act. The act allowed any adult 21 years of age or older to claim a 160 acre parcel of land in the public domain upon little more than an $18 filing fee.he Southern Homestead Act. Four years after Lincoln signed the Homestead Act into law, Congress turned to addressing the inequity of land distribution in the former Confederate states of the south.