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

Wisconsin § 813.28

• Jurisdiction: Wisconsin
• Ch. 813: Injunctions, ne exeat and receivers

Text

813.28 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:
813.28(1) (1) In the case of a finding under s. 813.26 (1) that the absentee is dead:
813.28(1)(a) (a) By satisfying all outstanding debts and charges of the receivership; and
813.28(1)(b) (b) By then certifying the proceedings to the proper court; or
813.28(2) (2) In the case of a finding under s. 813.26 (2) :
813.28(2)(a) (a) By satisfying all outstanding debts and charges;
813.28(2)(b) (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;
813.28(2)(c) (c) By distributing the remaining property as provided in s. 813.29 ; and
813.28(3) (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.

Legislative History

813.28 History History: Sup. Ct. Order, 67 Wis. 2d 585, 760, 780 (1975); Stats. 1975 s. 813.28; 1993 a. 486 ; 2009 a. 177 .