A Montana Financing Statement (sometimes referred to as a UCC-1) is a legal document created to preserve a creditor's security interest in personal or real property. It is typically used to perfect a security interest in inventory, equipment, accounts receivable, and other assets used in a business. The filing of the Montana Financing Statement provides public notice of the secured party's interest in the collateral. There are two types of Montana Financing Statements: (1) an initial financing statement and (2) a continuation statement. An initial financing statement is used to perfect a security interest in collateral that was created after the filing of the statement. A continuation statement is used to extend the duration of a financing statement on file and to amend or supplement information in a previously filed statement.