"(2) A violation of subparagraph (A) of paragraph (1) of
subdivision (a) is punishable by imprisonment in a county jail not exceeding one year, or by a
fine not to exceed one thousand dollars($1,000), or by both that fine and imprisonment, if both of the following conditions exist:
A) The handgun and unexpended ammunition capable of being discharged from that handgun are in the immediate possession of that person.
(B) The person is not in lawful possession of that handgun
Sounds like you shouldn't possess a stolen handgun with ammo for it.
If both exist is the key.