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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Dictionary Entries Near corporate opportunity doctrine

corporate liability

corporate opportunity doctrine

corporation

Cite this Entry

“Corporate opportunity doctrine.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/corporate%20opportunity%20doctrine. Accessed 28 Jan. 2022.

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