Marion Conley of Allegan County's Otsego Township was released from custody on Wednesday after the decision, which was made due to a lack of evidence. A judge earlier met with lawyers in the case.
Authorities said Jody Snyder was found dead March 9 at a home in Valley Township. Following the death, investigators said Conley earlier threatened to kill Snyder because of the condition of the house and late payments on Snyder's land contract.
Defense lawyer Bob Champion had argued that one of the witnesses against Conley wasn't credible and evidence didn't place Conley at the home at the time of the killing.