Do you need a separate bill of sale?
Keep a record — the state names what goes on it
Montana asks you to keep documentation of the sale with the buyer's name and address. It accepts either a photocopy of the reassigned title, or a document carrying the year, make, VIN, name, address, driver license number, purchase price and date of sale. Form MV24 is provided. The driver license number is unusual — most states do not ask for it, and it is the detail that makes the record actually identify your buyer.
Source: Montana MVD, Tips for Selling a Vehicle; form MV24