No it is not a feature, from what I understand, nor are they willing to transfer ownership. I run a corp and have a really rare bug where i cant use my own Corp or Officer chat - but I know from meeting hundreds of people and asking around the fix is to leave/rejoin the corp - issue is, in the 500 or so people ive asked, only two have ever had it, both were not corp leaders.. I have been in contact with support to no luck, for four months.
The PTU patch claiming ownership transfer is unclear if this is random or selective, and can not be forcibly done - so while it may work and exist for people like me that have no "rank" in their corp, it does absolutely nothing for users wanting to pass the torch. Potentially is not even in the PTU, despite the patchnotes claiming it, as nobody I know has been able to switch corp owners on PTU either, post-update.
Hope it helps, I am sorry this isn't the answer you want.