You could probably be cited if you had a loaded magazine inserted. But I'll wager that any officer who cited you if the firearm was disassembled as described would be subject to some laughter in court, by the judge.
I wouldn't loose a lot of sleep over it, especially if you were to store the action in the stock as it was designed.
BTW, these are neat rifles but are temperamental. Need some good "stout" ammo and cleanliness is paramount or they tend to jamb. The magazines often don't fit the magwell properly and some owners have had to shim them to make them feed properly. A great "Survival" rifle that's easy to carry in a pack with LOTS of Ammo. Good more for feeding yourself.