Upon the entry of any final finding and decree as provided in s. 813.26, the court shall proceed to wind up the receivership and terminate the proceedings: (1) In the case of a finding under s. 813.26 (1) that the absentee is dead: (a) By satisfying all outstanding debts and charges of the receivership; and (b) By then certifying the proceedings to the proper court; or (2) In the case of a finding under s. 813.26 (2): (a) By satisfying all outstanding debts and charges; (b) By then deducting for the insurance fund provided in s. 813.31 a sum equal to 5 percent of the total value of the property remaining, including amounts paid to the receivership estate from policies of insurance on the absentee’s life; (c) By distributing the remaining property as provided in s. 813.29; and (3) In both cases by requiring the receiver’s account and upon its approval discharging the receiver and the receiver’s bondsmen and entering a final decree terminating the receivership.
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