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MUN. EMPLOYEES RET. SYS. v. CHARTER TP. OF DELTA

Docket No. 129041. COA No. 260534.

731 N.W.2d 763 (2007)

MUNICIPAL EMPLOYEES RETIREMENT SYSTEMS OF MICHIGAN, Petitioner-Appellee, v. CHARTER TOWNSHIP OF DELTA, Respondent-Appellant.

Supreme Court of Michigan.

June 1, 2007.

On order of the Court, leave to appeal having been granted and the briefs and oral arguments of the parties having been considered by the Court, we AFFIRM the May 24, 2005 judgment of the Court of Appeals. The Court of Appeals reasoned that the vacant properties were held by Municipal Employees Retirement Systems of Michigan, "not for ancillary investment purposes, but as part of a diversified investment portfolio pursuant to ...

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