(1) Where the licensee has discharged all the obligations referred to in section 25, the licensee shall be struck from the list of licensees and the remainder of its assets shall be distributed among its shareholders in proportion to their respective rights, but no such distribution shall be made before—
(a) claims of depositors and other creditors have been paid or in the case of a disputed claim, before the licensee has turned over to the Accountant General, sufficient funds to meet any liability that maybe determined by a Court of competent jurisdiction;
(b) any funds payable to a depositor or other creditor who has not claimed them have been turned over to the Accountant General; and
(c) any other funds or other property held by the licensee that could not be returned to the owners thereof in accordance with the provisions of section 25 have been transferred to the Accountant General together with the inventories pertaining to the funds or other property.
(2) Any funds or other property not claimed within a period of 15 years following a transfer to the Accountant General, shall be presumed to be abandoned for the purposes of Part 6.