of Certain Affiliated Persons and Underwriters. Sec. 10. Affiliations of Directors. Sec. 11. Offers of Exchange. Sec. 12. Functions and Activities of Investment Companies. Sec. 13. Changes in Investment Policy. Sec. 14. Size of Investment Companies. Sec. 15. Investment Advisory and Underwriting Contracts. Sec. 16. Changes in Board of Directors; Provisions Relative to Strict Trusts. Sec. 17. Transactions of Certain Affiliated Persons and Underwriters. Sec. 18. Capital Structure. Sec. 19. Dividends. Sec. 20. Proxies; Voting Trusts; Circular Ownership. Sec. 21. Loans. Sec. 22. Distribution, Redemption, and Repurchase of Redeemable Securities. Sec. 23. Distribution and Repurchase of Securities: Closed-End Companies. Sec. 24. Registration of Securities Under Securities Act of 1933. Sec. 25. Plans of Reorganization. Sec. 26. Unit Investment Trusts. Sec. 27. Periodic Payment Plans. Sec. 28. Face-Amount Certificate Companies. Sec. 29. Bankruptcy of Face-Amount Certificate Companies. Sec. 30. Periodic and Other Reports; Reports of Affiliated Persons. Sec. 31. Accounts and Records. Sec. 32. Accountants and Auditors. Sec. 33. Filing of Documents With Commission in Civil Actions. Sec. 34. Destruction and Falsification of Reports and Records. Sec. 35. Unlawful Representations and Names. Sec. 36. Breach of Fiduciary Duty. Sec. 37. Larceny and Embezzlement. Sec. 38. Rules, Regulations, and Orders; General Powers of Commission. Sec. 39. Rules and Regulations; Procedure for Issuance. Sec. 40. Orders; Procedure for Issuance. Sec. 41. Hearings by Commission. Sec. 42. Enforcement of Title. Sec. 43. Court Review of Orders. Sec. 44. Jurisdiction of Offenses and Suits. Sec. 45. Information Filed With Commission. Sec. 46. Annual Reports of Commission; Employees of the Commission. Sec. 47. Validity of Contracts. Sec. 48. Liability of Controlling Persons; Preventing Compliance With Title. Sec. 49. Penalties. Sec. 50. Effect on Existing Law. Sec. 51. Separability of Provisions. Sec. 52. Short Title. Sec. 53. Effective Date. Sec. 54. Election to Be Regulated As A Business Development Company. Sec. 55. Functions and Activities of Business Development Companies. Sec. 56. Qualifications of Directors. Sec. 57. Transactions With Certain Affiliates. Sec. 58. Changes in Investment Policy. Sec. 59. Incorporation of Provisions. Sec. 60. Functions and Activities of Business Development Companies. Sec. 61. Capital Structure. Sec. 62. Loans. Sec. 64. Accounts and Records. Sec. 65. Liability of Controlling Persons; Preventing Compliance With Title. Summary of notable provisions Sections 1 - 5 define terms and classify investment companies. The definition of investment company also includes some exemptions. In addition to exemptions in the definitions, section 6 describes additional exemptions,