Verify the accuracy of the following operational parameters regarding the implementation and duration of President's Rule in a state:
1. The crisis protocol can be legally extended for an indefinite period of time, provided Parliament grants consecutive approvals every two months.
2. The activation of the protocol results in the dismissal of the state executive apparatus and the assumption of those powers by the Centre.
3. The activation of the protocol forces the state legislative assembly to be either formally suspended or entirely dissolved.