Citibank (South Dakota), N.A. v. State

MILLER, Chief Justice.

[¶ 1.] State appealed from the trial court’s declaratory judgment ruling that Citibank was not required to pay six unmatched payments to State under South Dakota’s Uniform Unclaimed Property Act. Prior to oral argument on the appeal, State and Citibank agreed to settle the litigation and State moved to dismiss the appeal. State Treasurer Richard Butler then moved to intervene and we granted the motion. We now grant State’s motion to dismiss.

FACTS

[¶ 2.] Citibank, N.A., a national banking association, is the United States’ largest issuer of Visa and Mastercard credit…