The basic answer is YES, or NO, depending:
If your two contracts are under different membership numbers, then yes, you can transfer from one to the other and after transferred become 'owned' by the contract they were transferred into.
If you really have a single membership number, and you're talking about Add-On contracts, then the answer is NO. They're already the same contract so there's no transferring that can take place. It's a single contract which has different 'home resorts' and each 'home resort' has it's own allocated points.
If you have only one membership number (blue card) and your contracts are the same use year month, then you have an Add-on contract and you cannot transfer points.
If you hae two membership numbers (blue cards) and your contracts are different use year months, then they are totally separated (not Add-Ons) and you CAN transfer points.