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 per cent 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.