Iowa Cancellation of Statement of Qualification [486A.1001] is a form of legal document issued by the state of Iowa that allows a business to cancel their Statement of Qualification with the Iowa Secretary of State's office. The form is used when a business no longer wishes to maintain its corporate status in Iowa and wishes to dissolve all legal ties with the state. The cancellation must be filed with the Secretary of State's office and all applicable fees paid. There are two types of Iowa Cancellation of Statement of Qualification [486A.1001] forms: voluntary and involuntary. A voluntary cancellation is when a business files the form on its own accord, while an involuntary cancellation is when the state files the form on behalf of the business due to a failure to follow certain requirements.