813.28 Termination of receivership and disposition of property of absentee.

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813.28 Termination of receivership and disposition of property of absentee. 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.