A new Draft of a document has been created. However, the Approved version of the document has not been expired even though the expiration date has passed.
Only the latest version of the document is evaluated against the expiration rule. As there is a Draft version created, the document will not be expired. With the Draft being created, the Approved version document remain in the same state and only the latest version is validated against the expiration rule and until that latest version is Approved the document never gets to expired state.
Vault Help Documentation: Document Expiration
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