corporate opportunity doctrine

noun
corporate op·​por·​tu·​ni·​ty doctrine

Legal Definition of corporate opportunity doctrine

: a doctrine of corporate law stating that fiduciaries of the corporation (as directors or officers) may not take for themselves a business opportunity offered to the corporation

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“Corporate opportunity doctrine.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/corporate%20opportunity%20doctrine. Accessed 18 Jan. 2021.

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