If you are talking about the outside of the transmission and transfer case, then the answer is no. (Don't use rtv on it either, it will be that much harder to take apart) Where the shaft that comes out of the transmission and where it goes into the transfer case both have seals to seal the shaft. (The adapter/bell housings themselves do not fill up with oil, that would be a lot of oil)
If you have a leak this is where it is going to be leaking from.