(a) A digital asset shall no longer be deemed registered and the secretary shall cancel from the register:

(i) Any registration upon a voluntary request for cancellation thereof from the lawful owner of the digital asset or his agent and payment of a fee set in accordance with W.S. 34-29-209, but not to exceed thirty dollars ($30.00);

(ii) Any registration that is not renewed under this article;

(iii) Any registration if a court of competent jurisdiction finds:

(A) That the registration was granted improperly;

(B) That the registration was obtained fraudulently.

(iv) Any registration when a court of competent jurisdiction orders cancellation of a registration on any ground.