diff --git a/param/parameterized.py b/param/parameterized.py
index e470f1deb..31adc0b72 100644
--- a/param/parameterized.py
+++ b/param/parameterized.py
@@ -2218,13 +2218,22 @@ def __getstate__(self):
 
         return state
 
-    def __setstate__(self,state):
+    def __setstate__(self, state):
         """
         Restore objects from the state dictionary to this object.
 
         During this process the object is considered uninitialized.
         """
         self.initialized=False
+
+        # Handle renamed slots introduced for instance params
+        if '_attrib_name' in state:
+            state['name'] = state.pop('_attrib_name')
+        if '_owner' in state:
+            state['owner'] = state.pop('_owner')
+        if '_instance__params' not in state:
+            state['_instance__params'] = {}
+
         for name,value in state.items():
             setattr(self,name,value)
         self.initialized=True