Steps to reproduce:

1. Add a CompositeFilterDescriptor programmatically as it is demonstrated in the following help article: http://docs.telerik.com/devtools/winforms/gridview/filtering/setting-filters-programmatically-(composite-descriptors)
2. Save the layout.
3. Load the layout.

Use attached project to reproduce.

Workaround:
Seth te PropertyName to a valid column name.