What is a Bill of Sale in Montana?
Montana BOS form is a legally binding written contract recommended by the state to fill out for purchase and sale operations. The document protects your ownership rights and eliminates the risk of being drawn into a dispute in the future.
The state has even generated an official template for vehicle BOS form and encourages its residents to fill it out. This template and other BOS forms are available on the Internet and can be customized by an individual.
Montana Bill of Sale Types
You are welcome to create a bill of sale to prove the fact of selling or purchasing any personal property item, especially a high-priced one. However, in Montana, the common cases of using a bill of sale include:
- Vehicle sales operations
- Vessel sales operations
- Gun sales operations
General BOS Form
This type is used when the items, as mentioned above, are not involved. When you decide to sell any other kind of personal property that is valuable and expensive (for instance, technically advanced goods or domestic appliances) to a private seller, a general bill of sale can help you make the deal transparent.
Vehicle BOS Form
When you purchase a motor vehicle from another person in Montana, you need a bill of sale to prove the transfer of proprietorship rights. As we have mentioned above, the state provides its variant of the form. It comprises the necessary information: the price of the selling item, details of the buyer and the purchaser, and the odometer disclosure statement, which indicates how many miles the odometer reading shows and if it matches with actual mileage. The seller can also indicate if the item is sold for parts. To notarize the form is mandatory in the state.
Vessel BOS Form
Buying a boat from a private seller can be accompanied by signing a bill of sale form. However, it is recommended only for personal records. It comprises personal information about the seller and the buyer, the Hull ID number, make, model, year, length, and other details about the vessel. It depends on your choice whether to sign it before a notary agent or not.
Firearm BOS Form
When two individuals participate in a private sale of a gun, the Montana firearm bill of sale form is normally used. Although when purchasing a gun, you are asked to provide only your ID card to prove that you have reached the legal age (in Montana, you should be at least 14 years old), it is better to prevent yourself from any law-related problems in the future.