1. Where a bill of exchange is made payable after one month or more after its date of sight, it shall fall due on the corresponding date of the month during which payment is to be made. In the absence of a corresponding date in the month during which the bill of exchange shall be paid, it shall fall due on the last day of such month. 2. Where the bill of exchange is drawn for one month and a half or for several months and a half after its date or after the date of sight, the calculation shall begin to run on the basis of full months. The phrase of "half month" shall mean (15) fifteen days.
Interpretation and application must be checked against the official text and current version.