You will need to close the designer, open the .Designer.cs or .vb file, remove the ChartControl in code, open the .resx file and remove all references to the chart, basically comment all code in the form.cs or .vb file, save it and recompile the project. Then open the designer, drop the ChartControl on the designer, uncomment the code in the form.cs (.vb), and compile again. It should work.
The reason for this is that the persistence of the chart is saved into the .resx file, which unfortunately is not update-able. Version references are kept in the .resx file, explaining the issue.
For future upgrades, what you can do is to delete the ChartControl from the designer before upgrading our components, and once the upgrade is complete, add the component to the form again. The project should compile fine.
André
Software Developer
Xceed Software Inc.