I can certainly re-set the password that way. However, the reason I want to remove the password is that, for some reason, the password is preventing me from compacting the database! I have tried compacting the database from within, and from Access itself, and neither method works.
What I have done as a (temporary and undesirable) workaround, is to copy all the database objects to a new database which has no password protection. The file size is much reduced and I can compact the database. The problem is that I have confidential client data in the database and need to secure it. Still pondering this.
Thanks for your interest!