Ok....I think what you're asking about is called the standard of practice for beyond use dating. This will vary & is a fluid subject, so what you read now will change from where I work to perhaps where someone else works. Why??? Because its based on - our standard of practice.
For example, in my institution, we rarely if ever will use a multidose vial outside the hospital (insulin comes to mind as one of the few). However, we don't allow insulin to be used between patients - it can only be used for one single patient & for only 30 days (the pt should be long gone by then) because we have so many pts who use insulin.
So...the obvious thought would be good - use it up- right? Well, no actually.....the greatest risk is having someone introduce something into the vial or having the top of the vial no longer reseal after more than 20-30 sticks. That risk is far, far greater than the expense of the vial.
But....a 20 bed hospital in a small rural town who rarely gets a pt requiring insulin - their standard of practice may be different.
Ok - heres a few references:
http://www.medscape.com/viewarticle/406903_2
American Journal of Health-System Pharmacy - Fulltext: Volume 57(2 ...
JCAHO requires an expiration date to be included on the label of the medication ... with applicable pharmacy laws and regulations and standards of practice. ...
pt.wkhealth.com/pt/re/ajhp/ fulltext.00043627-200001150-00019.htm - Similar pages
http://www.nhianet.org/education/onlineCourses/
http://72.14.253.104/search?q=cache:TqCvk6qAugAJ:www.ascp.com/resources/clinical/upload/ASCP
http://72.14.253.104/search?q=cache:qc2cPzOu1EQJ:www.ascp.com/resources/policy/upload/Gui98
Theres lots & lots more references for beyond use dating. Let me know if this doesn't help.