A new Draft of a document is created. Why is the Approved version of a Vault Document not expired even though it is past the Expiration date?
Only the latest version of the document is evaluated against the expiration rule. As there is a Draft version created, the document is not expired. With the Draft being created, the Approved version document remains in the same state. Only the latest version is validated against the expiration rule. Until that latest version is Approved, the document never gets to the expired state.
Vault Lifecycle Documentation: Configuring Document Expiration
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