§20.44. Disapproval of application.

The applicant is not authorized by law and regulations to withdraw and deal in or use specially denatured spirits;

The applicant (including, in the case of a corporation, any officer, director, or principal stockholder, or, in the case of a partnership, a partner) is, by reason of their business experience, financial standing, or trade connections, not likely to maintain operations in compliance with 26 U.S.C. Chapter 51, or regulations issued under this part;

The applicant has failed to disclose any material information required, or has made any false statement as to any material fact, in connection with the application; or

The premises at which the applicant proposes to conduct the business are not adequate to protect the revenue.