The secretary of state shall cancel from the register any registration concerning which a court of competent jurisdiction shall find

1. (1) That the registered mark has been abandoned;
2. (2) That the registrant is not the owner of the mark;
3. (3) That the registration was granted improperly; or
4. (4) That the registration was obtained fraudulently.

Source: SL 1955, ch 232 , § 8; SDC Supp 1960, § 51.0908 (4); SL 1980, ch 264 , § 15.