Article 2. Grounds for Forfeiture of License - California Penal Code Section 26885

26885.  (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.

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Last modified: February 16, 2015