Is it possible to restrict the active Project Principal Investigator to one person?

Summary:

Is it possible to limit the active Project Principal Investigator of a project to one person at a time?

Content (please ensure you mask any confidential information):

Would like to limit the active principal investigator of project to one person? The idea is similar to what occurs with the project manager of a project. Only one person can be the active project manager. I have search for a solution in the configuration and was not able to locate any suggestion.

Version (include the version you are using, if applicable):

Production

Code Snippet (add any code snippets that support your topic, if applicable):