Yes, it is ok. It is common for stem plant to have leggy leg below without leaves when it turn bushy due to insufficient lighting. Thats why stem plant usually plant behind and hardscape in front to cover the leggy part. Alternatively you can pull out till you see some roots and cut it off, leaving the roots behind(as base ferts) so as not to disturb the soil, as for the stem plant, crop off the leggy part and replant.
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