For a single action revolver, only the chamber under the hammer needs to be unloaded. For a double action revolver, the chamber under the hammer and the next chamber need to be unloaded.
For a semi-auto, only the chamber needs to be empty, they can be carried in condition three, with a loaded magazine in place, but no round in the chamber.
Ugggggh. Since my CC weapon is a double action revolver this would leave me with only three rounds to protect myself. Under those conditions I would probably switch to a sub-compact semi-auto.