Texas Finance Code 341.002 – Computation of Month
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(a) For the computation of time in this subtitle, a month is the period from a date in a month to the corresponding date in the succeeding month. If the succeeding month does not have a corresponding date, the period ends on the last day of the succeeding month.
(b) For the computation of a fraction of a month, a day is equal to one-thirtieth of a month.
Terms Used In Texas Finance Code 341.002
- Month: means a calendar month. See Texas Government Code 312.011
- Succeeding: means immediately following. See Texas Government Code 312.011