(815 ILCS 205/10) (from Ch. 17, par. 6418)
Sec. 10.
In all computations of time, and of interest and discounts, a
month shall be considered to mean a calendar month, and a year shall
consist of twelve calendar months; and in computations of interest or
discount for any number of days less than a month, a day shall be
considered a thirtieth part of a month, and interest or discount shall be
computed for such fractional parts of a month upon the ratio which such
number of days shall bear to thirty.
(Source: Laws 1879, p. 184.)
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