Ron and SD
I knew as soon as I typed "no" that it wasn't absolute. For sure, there is wood that is 'juvenile' in the first several growth rings. That said, I was meaning more of a problem wood, like found in the core of softwoods.
But on checking, I ran across a paper that was written about a study of juvenile wood in hardwoods and some discussion of what it is and how it reacts. Hope it helps, and I even learned some from it as well.
Juvenile wood in hardwoods