13-4-103. Cancellation of charter.
(a) The charter of any bank organized under this act is forfeited and cancelled in any of the following cases:
(i) Upon completion of a liquidation;
(ii) Merger which makes unnecessary the continued use of the charter of a bank due to the loss of its corporate identity to another banking institution;
(iii) If a regular place of business has not been maintained by any bank for two (2) years.