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In Montana, bills of sale must be witnessed by a notary public. In general, a bill of sale is not a complicated legal document.
The short answer is that both the buyer and seller should retain the bill of sale for their records. This document protects everyone involved should any disagreements arise in the future. Typically, the buyer should keep the original and the seller should keep a copy.
No, a bill of sale typically does not need to be notarized by both parties. In most cases, only the sellers notarization is required.
Also, if its an out of state title, you dont need a notarization. Its only for MT to MT title transfers that the notarization is required.
A Montana boat bill of sale is used to document the purchase of a motorboat, sailboat, canoe, or any other type of vessel. The bill of sale states the boats length, make, model, year, hull ID, current registration number, price, and the date of sale.

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Step 3: Bill of Sale The official form for this is MV24 which records information like the purchase price, the odometer reading, and the VIN of the vehicle in question. This document needs to be signed by both the buyer and the seller in the presence of a notary.
A record of the sale can be either a photocopy of the reassigned title or a form or document that includes the year, make, VIN, name, address, driver license number, purchase price, and date of sale of the vehicle. For your convenience, you can use Bill of Sale (MV24).
A Bill of Sale is a form a seller uses to document the sale of an item, such as a car, to a buyer. The main purpose of a Bill of Sale is to record the transfer of ownership from the seller to the buyer. Both parties should retain a copy of the signed Bill of Sale as proof that the transaction took place.

montana bill of sale mv24