Technically CJ says you're not supposed to transfer accounts, but in practice, do they enforce this? I want to takeover my friend's account, and it looks like I would be able to change all the relevant info over.
Because his has all the stats and EPC criteria that certain advertisers look for. Some advertisers won't take you if your account is new.
The EPC and stats are his and not yours, that's why it's not transferable. Your friend earned them. Simply create your own free account and if you are having problems getting in the program you would like, contact the program manager with reasons why your site is applicable to the program.