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.