Section 457-611-13 - TRANSFER OF OWNERSHIPA. The participant may transfer ownership rights of an account to another eligible participant, provided the transfer is accomplished without consideration. All requests for substitution of a participant must include:2) The name, address, social security number or valid taxpayer identification number, and telephone number of the new participant;3)[Repealed effective June 4, 2002]4) Such evidence of verification, including, without limitation, the signature of the participant, as may be accepted by the Authority's designated agent or contractor; and5) Such other information as the Authority may require.B. On the death of the participant on an account, if the participant has so elected, the account will be transferred to the designated successor named in the participation agreement or otherwise, in writing, and that designated successor will become the new participant. If no one is designated as a successor, the account will be treated as provided in the then current Program Description or in such manner as the Authority and its designated agent or contractor shall determine.C.[Repealed effective December 3, 2001]D. Neither the participant nor the beneficiary may use any rights to or interest in the account as security for a loan, including as security for a loan to purchase such interest in the program.94-457 C.M.R. ch. 611, § 13