Section 457-611-5 - PARTICIPATION AGREEMENTSA. The Authority will enter into a participation agreement with all participants.B. The participation agreement may include the following:1) The name and address of the participant and the beneficiary;2)[Repealed effective January 14, 2006]3)[Repealed effective January 14, 2006]4)[Repealed effective December 3, 2001]5) Any obligations of the Authority, the participant and the beneficiary;6) A summary of the fees and penalties that may be assessed against the account, the participant or the beneficiary;7) The manner in which funds may be withdrawn and by which the ownership rights of the account may be transferred;8) Provisions for periodic reporting of the status of participant accounts;9) Such other information as the Authority may determine to be necessary or appropriate, including such factual representations as the Authority may reasonably require to evidence compliance with the participation agreement, the program description, and federal requirements, which representations shall be deemed, if false, to constitute unsworn falsification within the meaning of 17-A MRSA §453.C. Participation agreements may be amended from time to time. Changes that affect the ownership and registration (e.g., mailing address, name of beneficiary) of the account must be submitted by the participant in the form and manner designated by the Authority.94-457 C.M.R. ch. 611, § 5