40-2-107. Cancellation.
(a) The secretary of state shall cancel from the registration record:
(i) Any registration upon request for cancellation from the registrant or the assignee of record and upon payment of a fee of ten dollars ($10.00) to the secretary of state to be credited to the general fund;
(ii) Any registration granted under this act and not renewed in accordance with its provisions;
(iii) Any registration if a court of competent jurisdiction finds:
(A) That the registered trade name has been abandoned;
(B) That the registrant is not the owner of the trade name;
(C) That the registration was granted improperly; or
(D) That the registration was obtained fraudulently.