Yup, Gus. I have a '94 Dodge 2WD truck with rear wheel antilock. No 'off switch.' Pulling the fuse turns on the ABS/TC warning light on the dash, but the brakes just work like normal, non-ABS brakes w/o the fuse.
It does the system no harm to do this on older vehicles, but on newer ones it may set a trouble code that has to be cleared-that's why nowadays newer vehicles have the 'TC off' switch so you can disable this feature with no ill effects and not compromise the ABS system or set a code.