How to limit number of devices on account

Hello,

This is my first time here so I'm sorry if I made any formatting mistakes/put this in the wrong spot. Is there a way to limit the number of devices logging into an account? I want to have a member area but don't want multiple people to log into the same account at the same time. Can I make it such that when a device tries to log into an account that is currently being used by another device, it disconnects one of them?