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In germany some servers were collected by the police but relatively promptly returned once they figured out that they were tor exit nodes. Still, you're the first person that the police can get a handle on, so at least expect some questions once in a while.

I don't know about any other country, but you might just consider hosting the tor exit node in a country with more friendly laws and then use a VPN to connect there.

Indeed, you're probably protected by safe harbor/mere conduit laws in most jurisdictions, but you're still liable to become the subject of law enforcement investigations and have your equipment seized.

More hassle than it's worth.

It can happen if you run an exit node, because your IP is visiting bad sites. If you run a relay node without exit, this should never happen because all you're doing is moving around encrypted packets to other Tor nodes.

Here's one today, in Austria.

http://www.lowendtalk.com/discussion/6283/raided-for-running...