sec.24When agreement takes effect

### sec.24 When agreement takes effect A participation agreement, other than one under section 23 , takes effect only on the latest of the following days— the day the Minister gives the parties to the agreement a notice that the Minister has approved it; if the agreement states a later day of effect—the later day. A participation agreement made under section 23 takes effect according to its terms. (sec.24-ssec.1) A participation agreement, other than one under section 23 , takes effect only on the latest of the following days— the day the Minister gives the parties to the agreement a notice that the Minister has approved it; if the agreement states a later day of effect—the later day. (sec.24-ssec.2) A participation agreement made under section 23 takes effect according to its terms. - (a) the day the Minister gives the parties to the agreement a notice that the Minister has approved it; - (b) if the agreement states a later day of effect—the later day.