This placed the debenture holders in a strong position.
Only debenture holders are legally permitted to sell on their tickets to third parties.
This was opposed by some of the debenture holders, and the company went into receivership in 1907.
However, a group of debenture holders had not yet been paid.
Payment of interest is made to the debenture holder at a specified rate and at clearly defined intervals.
In the Netherlands, litigation was ongoing meaning this sum could have been insufficient to meet the claims of the debenture holder.
It also helped that the company is paying off its many debenture holders in stock, rather than cash.
Losses accumulated until the company's debenture holders opted for voluntary liquidation in January 1878.
Furthermore, only debenture holders are permitted to sell their tickets to third parties.
In that case a debenture holder had appointed a receiver, and the directors were allowed to bring a case against him.