Section 26885 Of Article 2. Grounds For Forfeiture Of License From California Penal Code >> Division 6. >> Title 4. >> Part 6. >> Chapter 2. >> Article 2.

. (a) Except as provided in subdivisions (b) and (c) of Section 26805, all firearms that are in the inventory of a licensee shall be kept within the licensed location.
  (b) Within 48 hours of discovery, a licensee shall report the loss or theft of any of the following items to the appropriate law enforcement agency in the city, county, or city and county where the licensee's business premises are located:
  (1) Any firearm that is merchandise of the licensee.
  (2) Any firearm that the licensee takes possession of pursuant to Chapter 5 (commencing with Section 28050).
  (3) Any firearm kept at the licensee's place of business.