I would think this is not the case. They have errors with tranfers now. I believe there could be technolgy for this, but I doubt it is there. The amount of people who will transfer points in to say get a cruise, or room at FQ, would be so low, it would be likely not worth the $$ to make the change.
Until a bigger distin. is made, like not book anything but home resort, I would imagine they would follow who ever holds them, and would take a manager to over ride if needed. Which would be super super rare.